kakao b^edit
Scope
Date
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Earnings
KB Financial posts record-high profit on loan growth
KB Financial Group and Kakao Bank, top players in South Korea’s offline and mobile banking sector, respectively, achieved their highest-ever p...
Feb 08, 2024 (Gmt+09:00)
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Bio & Pharma
Kakao launches AI-based blood sugar management solution
South Korea’s Kakao Healthcare Corp. has introduced an artificial intelligence-based blood sugar management solution targeting the global digi...
Feb 01, 2024 (Gmt+09:00)
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Korean chipmakers
Rebellions raises $124 mn to co-develop AI chip with Samsung
South Korean fabless artificial intelligence chip startup Rebellions Inc.’s plan to co-develop the next-generation AI chip with the world&rsqu...
Jan 30, 2024 (Gmt+09:00)
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Corporate governance
Kakao to replace K-pop pioneer SM execs over poor governance
Kakao Corp. is set to replace executives of SM Entertainment Co., who ousted its founder Lee Soo-man when the South Korean mobile giant acquired the...
Jan 29, 2024 (Gmt+09:00)
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Corporate governance
Kakao inspects SM Entertainment’s management
Kakao Corp. has embarked on a special inspection of SM Entertainment Co.'s financial reporting for the first time since the South Korean internet gi...
Jan 26, 2024 (Gmt+09:00)
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Chemical Industry
SKC to develop biodegradable eco-friendly paint containers
SK TBMGeoStone, a subsidiary of South Korea's SKC Ltd. for the investment of biodegradable material, plans to enter the eco-friendly container marke...
Jan 24, 2024 (Gmt+09:00)
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Artificial intelligence
Kakao’s multimodal LLM Honeybee: Korea’s answer to Gemini, GPT-4
Kakao Corp., South Korea’s top mobile platform operator, said on Friday it has developed a multimodal large language model (MLLM) with the lat...
Jan 19, 2024 (Gmt+09:00)
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Future mobility
Kakao Mobility posts sevenfold rise in overseas ride-hailing services
Kakao Mobility Corp., which runs South Korea’s most popular ride-hailing app, saw its services in overseas markets grow sevenfold in the first...
Dec 29, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Kakao Mobility's talks to acquire FreeNow in deadlock
Kakao Mobility Corp.’s ambition to go global has hit a roadbock after its parent group Kakao Corp. rejected its draft bid to buy Germany-based...
Dec 27, 2023 (Gmt+09:00)
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Fintech
Korean Kakao Pay’s acquisition of US' Siebert collapses
South Korean Kakao Pay Corp.'s takeover deal of US-based Siebert Financial Corp. has failed amid the growing legal risks surrounding top executives ...
Dec 20, 2023 (Gmt+09:00)
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Bio & Pharma
ToolGen gets FDA approval for TGT-001 as ODD
South Korean genome editing developer ToolGen Inc. announced on Monday that its application for orphan drug designation (ODD) of the gene correction...
Dec 18, 2023 (Gmt+09:00)
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Executive reshuffles
Kakao taps venture capital unit head as new CEO to lead reform
Kakao Corp., South Korea’s top mobile platform under fire for its extremely aggressive business expansion, tapped its venture capital unit hea...
Dec 13, 2023 (Gmt+09:00)
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Batteries
Hyundai-invested SES to provide Li-Metal battery B samples, eyes UAM
SES AI Corp., a high-performance battery maker backed by several global automakers such as GM and Hyundai Motor Co., has moved one step closer to co...
Dec 13, 2023 (Gmt+09:00)
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Corporate restructuring
Kakao to tighten grip over units, rethink horizontal culture
Kim Beom-soo, founder and chairman of South Korea’s largest mobile platform Kakao Corp., said on Monday it will abandon its autonomous managem...
Dec 11, 2023 (Gmt+09:00)
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Artificial intelligence
Former Kakao CEO founds AI entertainment company
Namkoong Whon, the former CEO of South Korea’s Kakao Corp., announced on Friday that he founded artificial intelligence (AI)-based entertain...
Dec 08, 2023 (Gmt+09:00)
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Automobiles
Kakao Mobility looks abroad to expand taxi services
South Korea’s Kakao Mobility Corp. is expanding overseas services in the face of criticism over its business practices, including the alleged ...
Nov 24, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Kakao Mobility seeks to buy European taxi platform FreeNow
Kakao Mobility Corp., a ride-hailing service unit of South Korean tech giant Kakao Corp., is planning to acquire FreeNow, a European taxi platform o...
Nov 16, 2023 (Gmt+09:00)
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Earnings
Kakao bets on AI bot for breakthrough
Kakao Corp., the operator of South Korea’s dominant chat app KakaoTalk, will seek a breakthrough with an artificial intelligence-powered bot a...
Nov 09, 2023 (Gmt+09:00)
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Corporate restructuring
Kakao in emergency mode under regulatory, antitrust probes
Kim Beom-soo, founder and chairman of South Korea’s largest mobile platform Kakao Corp., convened an emergency meeting with some 20 chief exec...
Nov 06, 2023 (Gmt+09:00)
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Aerospace & Defense
S.Korea mulls plan B as Indonesia falls behind on KF-21 project payments
Indonesia, a partner of South Korea’s KF-21 fighter jet development project, has failed again to notify the Korean government of its plan to p...
Nov 01, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Kakao Enterprise, Salesforce establish joint sales partnership
South Korea's Kakao Enterprise Corp. announced on Friday that it has formed a joint sales partnership with Salesforce Korea to support digital innov...
Oct 20, 2023 (Gmt+09:00)
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Korean food
Dongwon F&B to accelerate global push with StarKist
COLOGNE, Germany – Dongwon F&B Co., South Korea’s largest canned tuna manufacturer, will break away from its domestic sales-focused ...
Oct 12, 2023 (Gmt+09:00)
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Electronics
LG Electronics unveils new gaming monitor tailored for LoL
LG Electronics Inc. 's new LG UltraGear gaming monitor is optimized for both performance and design and customized for the world-famous multiplayer ...
Oct 11, 2023 (Gmt+09:00)
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Automobiles
Genesis unveils Camping Gear Black Edition
Hyundai Motor Co.'s premium brand Genesis announced on Wednesday that it unveils The Camping Gear Black Edition, tailored for camping enthusiasts.&n...
Oct 11, 2023 (Gmt+09:00)
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Travel & Leisure
Foreign tourists can use Kakao Taxi in S.Korea
South Korea’s Kakao Mobility announced on Thursday that it has started integrating its taxi service app Kakao T with overseas apps. Foreign to...
Oct 05, 2023 (Gmt+09:00)
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Retail
Naver's Kream integrates with Japan's Soda
Naver Corp.'s subsidiary Kream, the South Korean limited-edition goods trading platform has decided to merge its operations with Japan's Soda Inc., ...
Oct 04, 2023 (Gmt+09:00)
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Electronics
Samsung Galaxy S23 FE: Affordable yet premium flagship smartphone
Samsung Electronics Co., the world’s largest smartphone maker by volume, on Wednesday unveiled the Galaxy S23 FE series – its latest fan...
Oct 04, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Kakao completes first in-house data center
South Korean tech giant Kakao Corp. has completed construction of its first in-house data center that can store 120,000 computer servers, with its l...
Sep 27, 2023 (Gmt+09:00)
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Bio & Pharma
NeoCannBio completes $7.4 mn series B funding
South Korea's NeoCannBio, a medical cannabis startup backed by the Korea Institute of Science and Technology (KIST), announced on Tuesday that it ha...
Sep 26, 2023 (Gmt+09:00)
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Leadership & Management
Ex-CEOs return to firms in Korea for operational stability
Former chief executives of South Korean firms are being recruited by their previous employers as the companies need the seasoned experience of these...
Sep 22, 2023 (Gmt+09:00)