Kakao Mobility stakes
Scope
Date
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Future mobility
Kakao Mobility uses self-driving vehicles to transport cargo
South Korea’s transportation company Kakao Mobility has launched a project in the nation's fourth-largest city of Daegu to transport people an...
May 25, 2023 (Gmt+09:00)
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Korean games
S.Korea’s popular MMORPGs go abroad for profitability
South Korean game developers target overseas markets for their locally hit massively multiplayer online role-playing games (MMORPGs) to increase pro...
May 24, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Korea’s Kakao targets mobile infrastructure biz for Saudi tourism
Kakao Corp., South Korea’s mobile platform giant, targets the mobile infrastructure industry for Saudi Arabian tourism to expand its business ...
May 23, 2023 (Gmt+09:00)
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Bio & Pharma
CrystalGenomics to sell largest 20% stake to Invites Healthcare for $44 mn
CrystalGenomics Inc., South Korea’s first-generation biopharma venture company, will sell new shares worth 58 billion won ($44 million) in a b...
May 23, 2023 (Gmt+09:00)
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Automobiles
Renault Korea seeks to establish R&D center in Busan
Renault Korea has announced plans to establish an R&D center in Busan.The Busan city government announced it will sign a "Business Cooperation A...
May 22, 2023 (Gmt+09:00)
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Mergers & Acquisitions
SKC to buy controlling stake in chip test maker ISC for about $300 mn
SKC Ltd., a South Korean chemical materials company, is slated to buy a controlling stake in semiconductor chip test maker ISC Co., in a deal estima...
May 19, 2023 (Gmt+09:00)
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Entertainment
Kakao migrates global webtoon service environment to Google Cloud
South Korea's Kakao Entertainment Corp., a unit of South Korea’s mobile platform giant Kakao Corp. is joining forces with Google Cloud to glob...
May 19, 2023 (Gmt+09:00)
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Energy
SK Ecoplant to join Canada's $4.5 bn green hydrogen project
South Korea’s SK Ecoplant Co. on Wednesday signed an agreement to join the first-stage, $4.5 billion construction of green hydrogen and ammoni...
May 17, 2023 (Gmt+09:00)
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Regulations
Korea to require pre-disclosure of major shareholder stake sales
South Korea is set to require pre-disclosures of major shareholders’ listed company stake sales in an aim to prevent tumbles in stock prices.A...
May 17, 2023 (Gmt+09:00)
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Artificial intelligence
Does Google Bard in Korean pose any risk to Naver, Kakao?
MOUNTAIN VIEW, California – Global tech giant Google on Wednesday unveiled an upgraded version of Bard, its generative artificial intelligence...
May 12, 2023 (Gmt+09:00)
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Future mobility
Kia, Kakao Mobility to jointly develop PBV for ride-hailing
Kia Corp. and Kakao Mobility announced on Friday that they have signed the previous day a memorandum of understanding for the development of a purpo...
May 12, 2023 (Gmt+09:00)
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Earnings
Poshmark powers Naver earnings; HyperCLOVA X the next booster
South Korea’s online giant Naver Corp. reported better-than-expected quarterly earnings thanks to strong sales of Poshmark Inc. in the US. It ...
May 09, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Kyobo Life in final talks to buy Kakao Pay Insurance
South Korea’s third-largest life insurer Kyobo Life Insurance Co. is in the final stages of talks to buy Kakao Pay Insurance Corp., an online ...
May 09, 2023 (Gmt+09:00)
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Artificial intelligence
Kakao to unveil upgraded Korean language chatbot KoGPT in H2
Kakao Corp., South Korea’s dominant mobile messaging app operator, has pushed back the release of an advanced artificial intelligence model cu...
May 04, 2023 (Gmt+09:00)
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Automobiles
Hyundai Mobis to lead mobility platform innovation: CEO Cho
Hyundai Mobis Co. will take another leap forward to become a mobility platform provider for future mobility technologies and bolster its new growth ...
Apr 28, 2023 (Gmt+09:00)
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Bio & Pharma
Kakao Healthcare teams up with US digital, biohealth firms
Kakao Healthcare, a digital healthcare platform unit of South Korea's Kakao Group, has teamed up with US digital and health companies such as DexCom...
Apr 28, 2023 (Gmt+09:00)
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Retail
Kakao starts real-time commerce broadcast platform Partners Live
Companies entering South Korea's KakaoTalk Store can conduct "labang," a term combining the Korean words for "live" and "broadcasting," any time the...
Apr 28, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Korea's Kakao Pay to buy 51% of US financial firm Siebert
Kakao Pay Corp., the mobile payment and digital wallet service unit of South Korean tech giant Kakao Corp., announced on Thursday it has signed an a...
Apr 27, 2023 (Gmt+09:00)
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Fintech
BC Card, KTO to promote mobile payment for foreign tourists
The Korea Tourism Organization (KTO) has announced a new partnership with BC Card and the Korea Easy Payment Foundation to introduce a mobile paymen...
Apr 26, 2023 (Gmt+09:00)
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Tech, Media & Telecom
POSCO, three telcos to build communication systems against disasters
South Korean steel giant POSCO said on Friday that it has signed a memorandum of understanding (MOU) with three domestic telecommunications companie...
Apr 21, 2023 (Gmt+09:00)
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Batteries
SK On to attract $1.1 bn from BlackRock, MBK consortium
SK On Co., the world’s fifth-largest battery maker, is slated to attract 1.5 trillion won ($1.1 billion) from a consortium of US private equit...
Apr 20, 2023 (Gmt+09:00)
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Future mobility
Hyundai Motor to develop lunar exploration mobility Rover
Hyundai Motor Group is developing the lunar exploration mobility vehicle Rover in expanding its mobility scope to space as well as land, sea and air...
Apr 20, 2023 (Gmt+09:00)
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Mergers & Acquisitions
MBK Partners to buy Belgian chocolate brand Pierre Marcolini
Private equity firm MBK Partners is set to acquire Pierre Marcolini, a Belgian chocolate brand called "Hermes of Chocolate."MBK bought the South Kor...
Apr 19, 2023 (Gmt+09:00)
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Bio & Pharma
Welt gets second digital therapeutic device approval in S. Korea
South Korea's Ministry of Food and Drug Safety announced on Wednesday that it has approved the cognitive therapy software "WELT-I" developed by We...
Apr 19, 2023 (Gmt+09:00)
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Advertising & Marketing
Innocean to cooperate domestic EV charging company for marketing
Innocean, a Hyundai Motor Group-affiliated advertising agency, announced on Wednesday that it has signed a memorandum of understanding (MOU) with EV...
Apr 19, 2023 (Gmt+09:00)
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Entertainment
Aespa, other SM artists to join BTS' K-pop fan platform
SM Entertainment Co.'s artists such as aespa and NCT are set to join HYBE Co.'s fan engagement service., boosting the competitiveness of the platfor...
Apr 17, 2023 (Gmt+09:00)
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Korean stock market
POSTECH hits jackpot with stakes in POSCO companies on battery boom
Pohang University of Science and Technology (POSTECH), set up by South Korea’s steel giant POSCO Group in 1986 as a research university in the...
Apr 17, 2023 (Gmt+09:00)
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Korean games
S.Korean mobile game’s spending, downloads fall last year
South Korea's mobile game market experienced a decline in 2022, with both downloads and spending decreasing, according to a report by data analytics...
Apr 14, 2023 (Gmt+09:00)
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Business & Politics
S.Korea's online voting service company exports its techs to Kyrgyzstan
South Korea's online voting service company Kevoting announced on Wednesday that its mobile voting platform service was adopted for the local counci...
Apr 12, 2023 (Gmt+09:00)
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Korean stock market
LG shares soar as UK asset manager Silchester raises stake
LG Corp., the holding firm of South Korea’s fourth-largest conglomerate LG Group, saw its share price soar in the local market on Wednesday as...
Apr 12, 2023 (Gmt+09:00)
Latest News
- 1 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 2 Korea to allow non-profits to buy bad consumer loans
- 3 LG to drive future growth in emerging markets with battery prowess
- 4 South Korean President Lee, Japanese Prime Minister Ishiba seek closer ties
- 5 Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet