Kakao Q3 earnings
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Date
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Mergers & Acquisitions
Interpark draws cool response from Korean online giants
South Korea’s online retail platform Interpark Corp. has failed to drum up interest from the country's largest online platforms, including Nav...
Aug 31, 2021 (Gmt+09:00)
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IPOs
Kakao Pay cuts IPO price by 6% for October listing
Kakao Pay Corp., the digital settlement platform unit of South Korea’s top messaging app operator Kakao Corp., has slashed its initial publi...
Aug 31, 2021 (Gmt+09:00)
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Korean games
Netmarble sells shares of Kakao units to raise $700 mn in August
South Korea’s Netmarble Corp. has earned 816.9 billion won ($703 million) so far in August alone by selling shares of KakaoBank Corp. and Kaka...
Aug 29, 2021 (Gmt+09:00)
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Future mobility
Kakao Mobility takes first step toward 2022 IPO
Kakao Mobility Corp., South Korea's most popular taxi-hailing app, has taken its first step toward a stock market debut, which is expected to value ...
Aug 23, 2021 (Gmt+09:00)
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Leadership & Management
Kakao Group’s past, present and future as conglomerate
Kakao Corp., which a decade ago was merely a mobile messenger operator, has now grown into one of the largest business groups in South Korea. The in...
Aug 17, 2021 (Gmt+09:00)
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Earnings
‘Revenge shopping’ lifts Korean retail giants’ Q2 earnings
Major department stores in South Korea such as Shinsegae Department Store and Hyundai Department Store Co. have seen their earnings improve signific...
Aug 13, 2021 (Gmt+09:00)
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Markets
MSCI adds SK Bioscience, SKIET, EcoPro BM to Korea Index
Global index provider Morgan Stanley Capital International (MSCI) added SK IE Technology Co. (SKIET), SK Bioscience Co. and EcoPro BM Co. to its K...
Aug 12, 2021 (Gmt+09:00)
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Games
NCSoft to launch Lineage W, first game with priority on global users
South Korea’s leading game developer NCSoft Corp. will be launching its latest massively multiplayer online role-playing game (MMORPG), Lineag...
Aug 10, 2021 (Gmt+09:00)
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Earnings
CJ Cheiljedang posts record-high earnings in Q2
South Korea's food giant CJ Cheiljedang Corp. posted record-high earnings in the second quarter of this year, breaking its own record from the first...
Aug 10, 2021 (Gmt+09:00)
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Earnings
Kakao to strengthen subscription services after Q2 results
Kakao Corp. this year has reported the highest second-quarter earnings in company history.Its regulatory filing on Aug. 6 posted an operating profit...
Aug 06, 2021 (Gmt+09:00)
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Digital currency
Samsung Group joins Kakao in Bank of Korea’s digital currency project
Samsung Group will be working together with Kakao Corp. on the digital currency simulation project led by South Korea’s central bank. Accordin...
Aug 04, 2021 (Gmt+09:00)
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Entertainment
CJ joins race for over $200 mn stake in SM Entertainment
South Korea's entertainment- and food-focused CJ Group has emerged as a darkhorse to buy a controlling stake worth about 300 billion won ($260 milli...
Aug 03, 2021 (Gmt+09:00)
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Earnings
Hyosung Group still going strong with stellar Q2 earnings
South Korea’s textile and chemicals conglomerate Hyosung Group has again reported stellar business results for the second quarter, continuing ...
Jul 30, 2021 (Gmt+09:00)
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Markets
Current asset prices not irrational: Howard Marks
Many asset prices have skyrocketed to their highest-ever levels as interest rates remain historically low, but that does not mean their current valu...
Jul 30, 2021 (Gmt+09:00)
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Earnings
LG enjoys record half-year earnings on TV, appliance in H1
LG Electronics Inc. posted record-high operating profit and revenue in the first half thanks to stella performance in TV and home appliance business...
Jul 29, 2021 (Gmt+09:00)
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COVID-19
COVID treatment deals drive Samsung Bio’s record quarterly earnings
South Korea’s Samsung Biologics Co. posted its highest quarterly revenue and operating profit, thanks largely to a number of long-term manufac...
Jul 28, 2021 (Gmt+09:00)
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Banking & Finance
Korea’s major banking groups post record-high earnings in H1
South Korea’s major banking groups have posted the highest-ever net profit figures in the first half of this year. Shinhan Financial Group rep...
Jul 27, 2021 (Gmt+09:00)
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Future mobility
GS Group invests $26 mn in Kakao Mobility
South Korea’s GS Group has invested 30 billion won ($26 million) in Kakao Mobility Corp. to fast forward its energy unit’s transition to...
Jul 26, 2021 (Gmt+09:00)
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Machinery
Korea’s heavy machinery makers continue strong performance in Q2
Korean construction and heavy equipment manufacturers have posted strong results in the second quarter, maintaining the trend of recovery from the f...
Jul 23, 2021 (Gmt+09:00)
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Earnings
Naver to boost content, shopping businesses in Q4 via Shinsegae alliance
South Korea’s top portal operator Naver Corp. plans to beef up its shopping and content businesses in the second half of this year, backed by ...
Jul 22, 2021 (Gmt+09:00)
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Earnings
Korea Shipbuilding delivers dismal Q2 loss on higher steel plate prices
Korea Shipbuilding & Offshore Engineering Co. (KSOE), a leading South Korean shipbuilder, on Wednesday posted a dismal quarterly operating loss ...
Jul 21, 2021 (Gmt+09:00)
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IPOs
Kakao Pay delays IPO following regulator request to refile prospectus
Kakao Pay Corp., the digital settlement platform unit of South Korea’s top messaging app operator Kakao Corp., is delaying its planned initial...
Jul 20, 2021 (Gmt+09:00)
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Cryptocurrencies
Kakao’s Ground X to work on Korea central bank digital currency initiative
Kakao Corp.’s blockchain arm Ground X was selected as a simulator for the Bank of Korea-led central bank digital currency (CBDC) project, beat...
Jul 20, 2021 (Gmt+09:00)
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IPOs
Kakao Pay must refile IPO registration statement to FSS
South Korea’s financial regulator Financial Supervisory Service (FSS) on July 16 requested correction of Kakao Pay’s IPO registration st...
Jul 16, 2021 (Gmt+09:00)
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IPOs
World’s top COVID-19 test kit maker draws $28 bn in IPO subscriptions
The IPO of SD Biosensor Inc., which has sold the most COVID-19 test kits in the world -- selling more than 700 million kits from February 2020 to Ma...
Jul 09, 2021 (Gmt+09:00)
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Earnings
POSCO returns from pandemic blues with record quarterly profit
South Korea’s largest steelmaker POSCO is emerging stronger from the pandemic-caused economic slowdown, with a record quarterly profit on robu...
Jul 09, 2021 (Gmt+09:00)
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Electronics
LG Electronics sees decent growth in US home appliance business
South Korea’s LG Electronics Inc. expects to post significant revenue growth in its home appliance business in the second quarter, driven by p...
Jul 06, 2021 (Gmt+09:00)
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Webtoons
Naver vs Kakao: Webtoon rivalry extends to superheroes
The fierce competition over webtoons between Naver Corp. and Kakao Corp. enters another round as the two South Korean platform giants join forces wi...
Jul 06, 2021 (Gmt+09:00)
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Future mobility
LG invests $88 mn in Kakao Mobility as both seek new growth opportunities
LG Corp., the holding company of South Korea’s fourth-largest conglomerate LG Group, is investing 100 billion won ($88 million) in Kakao Mobil...
Jul 02, 2021 (Gmt+09:00)
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IPOs
Kakao Pay eyes August listing, seeks to raise near $2 bn
South Korea-based Kakao Pay Corp. is set to make a trading debut on the country's main bourse next month -- just a week after its sister company Kak...
Jul 02, 2021 (Gmt+09:00)