Kakao in talks to buy US fiction app in heated IP rivalry

Kakao in talks to buy US fiction app in heated IP rivalry

South Korea's mobile giant Kakao Corp. is in negotiations to buy the management rights of US-based mobile fiction startup Radish Fiction for around ...

Google to buy $50 mn new shares in Kakao Mobility

Google to buy $50 mn new shares in Kakao Mobility

Google Inc. will acquire 56.5 billion won ($50 million) worth of new Kakao Mobility Corp. shares, in a strategic investment in the South Korean mobi...

Morgan Stanley tops Korea's Q1 M&A league table

Morgan Stanley tops Korea's Q1 M&A league table

Morgan Stanley reclaimed its top position in South Korea's M&A advisor league table in the first quarter of this year for the first time in two ...

GS Galtex to partner with Kakao for mobility services

GS Galtex to partner with Kakao for mobility services

South Korea's GS Caltex Corp., aiming to become a logistics platform, will invest around 30 billion won ($26 million) in Kakao Mobility Corp. to str...

Chinese PE firm pays $1.4 bn to take over Magnachip Semiconductor

Chinese PE firm pays $1.4 bn to take over Magnachip Semiconductor

South Korean chipmaker Magnachip Semiconductor Corp. announced on Mar. 27 that it has entered into a definitive agreement to be acquired by China-ba...

Pandemic polarizes pay between tech and non-tech firms

Pandemic polarizes pay between tech and non-tech firms

Last year's expansion of contactless technologies and services has created a new salary gap among key industries and companies in South Korea.  ...

Global law firms in Korea hunt for talent amid growing outbound M&As

Global law firms in Korea hunt for talent amid growing outbound M&As

Leading international law firms with offices in South Korea are gearing up for growing legal service demand from local companies in their push for m...

Kakao’s private affiliates post record growth in 2020

Kakao’s private affiliates post record growth in 2020

South Korean tech giant Kakao’s unlisted subsidiaries have posted record-high growth figures for the previous financial year. According to Kak...

Spotify, Kakao settle licensing dispute; K-pop returns to platform

Spotify, Kakao settle licensing dispute; K-pop returns to platform

Spotify Technology S.A., the world's largest music streaming service, has reached a licensing agreement with Kakao Entertainment Corp., to make musi...

Kakao forays into pet taxi service; buys Pet Me Up

Kakao forays into pet taxi service; buys Pet Me Up

South Korea-based Kakao Mobility Corp., a subsidiary of mobile giant Kakao Corp., has acquired the country's leading pet taxi service, Pet Me Up, in...

Kakao to split stock 5-for-1 after share price hits record high

Kakao to split stock 5-for-1 after share price hits record high

Kakao Corp. will split its stock on a five-for-one basis in April, which the South Korean mobile messaging app giant said would make the stock more ...

Kakao's edtech startup eyes 2022 listing

Kakao's edtech startup eyes 2022 listing

South Korea-based edtech startup Yanadoo is the latest affiliate of Kakao Corp., the country's largest messaging app operator, to prepare for an ini...

Carlyle seals $200 mn investment in Kakao Mobility

Carlyle seals $200 mn investment in Kakao Mobility

The Carlyle Group has agreed to buy $200 million worth of new shares in Kakao Mobility Corp. as a pre-IPO investment in the transportation arm of So...

Kakao hits all-time earnings high; tops $3.5 bn in revenue

Kakao hits all-time earnings high; tops $3.5 bn in revenue

South Korea-based mobile platform giant Kakao Corp. has posted an all-time earnings high for last year, thanks to robust growth of its core operatio...

Kakao hits all-time high on earnings; tops $3.5 bn in revenue

Kakao hits all-time high on earnings; tops $3.5 bn in revenue

South Korea-based mobile platform giant Kakao Corp. has reported an all-time high on last year's earnings, thanks to its core operations posting rob...

Kakao founder commits to donate over half his wealth

Kakao founder commits to donate over half his wealth

To leave the world a little bit better – a line from the American poet Ralph Waldo Emerson’s poem What is Success and the status message...

Samsung on lookout for M&As; auto chipmakers among prime targets

Samsung on lookout for M&As; auto chipmakers among prime targets

Samsung Electronics Co., sitting on a cash pile of more than 100 trillion won ($90 billion), is actively pursuing mergers and acquisitions, with som...

Google to invest $270 mn in Kakao Mobility with Carlyle

Google to invest $270 mn in Kakao Mobility with Carlyle

Google Inc. is planning to invest around $270 million in Kakao Mobility Corp., the transportation arm of South Korea's No. 1 messaging operator Kaka...

Samsung says fully ready for M&As; silent on US foundry plant

Samsung says fully ready for M&As; silent on US foundry plant

Samsung Electronics Co. is well-geared up to chase M&A deals and expand its facilities over the next three years to make full use of its cash ho...

Samsung to pay record dividends, more through 2023; Q4 profit jumps

Samsung to pay record dividends, more through 2023; Q4 profit jumps

Samsung Electronics Co. has announced that it will pay record-high dividends to its shareholders this year and raise dividends further in coming yea...

Samsung Biologics’ focused approach pays off in 2020

Samsung Biologics’ focused approach pays off in 2020

Samsung Biologics Co. delivered forecast-beating earnings this week, with its sales topping 1 trillion won ($905 million) for the first time in its ...

Affiliates merge to become Kakao Entertainment; aim global

Affiliates merge to become Kakao Entertainment; aim global

South Korea’s leading mobile app operator Kakao Corp.’s affiliates are set to merge to become a new entity, Kakao Entertainment, heraldi...

Seoul to lower bar for M&As; easing rules over PEF deals

Seoul to lower bar for M&As; easing rules over PEF deals

South Korea’s Fair Trade Commission (FTC) is lowering the bar for mergers and acquisitions by including potential rivals, which have yet to en...

Delivery Hero could face up to $1.4 bn in fines if it fails to sell Yogiyo

 Delivery Hero could face up to $1.4 bn in fines if it fails to sell Yogiyo

Food delivery giant Delivery Hero SE is facing some time pressure to sell South Korea’s No. 2 food delivery app Yogiyo, estimated at 2 trillio...

Kakao Enterprise exceeds $920 mn in enterprise value

Kakao Enterprise exceeds $920 mn in enterprise value

South Korea-based Kakao Enterprise has topped 1 trillion won ($921.5 million) in enterprise value, just a year after its inception in 2019, follow...

Korean companies sit on record dry powder, may open M&A floodgates

Korean companies sit on record dry powder, may open M&A floodgates

South Korea’s major companies are sitting on a record amount of cash reserves, setting the foundation for the merger and acquisition (M&A)...

Kakao, NCSoft likely to lead record-breaking earnings in 2021

Kakao, NCSoft likely to lead record-breaking earnings in 2021

South Korea’s mobile platform giant Kakao Corp. and game developer NCSoft Corp. are looking to post their best-ever earnings for a second stra...

Kakao Bank wraps up $921 mn rights offering

Kakao Bank wraps up $921 mn rights offering

South Korea's mobile-only bank has wrapped up its $920.5 million rights offering, placing the enterprise value at around 9.3 trillion won ($8.6 ...

Credit Suisse retains top spot in Korea’s M&A advisory league

Credit Suisse retains top spot in Korea’s M&A advisory league

Credit Suisse has maintained its top position on South Korea’s M&A advisory league table in 2020, working on most of the high-profile deal...

Kakao Games injects $173mn into S.Korean game company

Kakao Games injects $173mn into S.Korean game company

Kakao Games Corp. has injected around 190 billion won ($173 million) into South Korean game company Neptune Corp., pouring in nearly half the proc...

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