Kakao earnings
Scope
Date
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Wealth donations
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...
Feb 08, 2021 (Gmt+09:00)
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Earnings
Korean Air: Another earnings surprise in Q4 2020
Korean Air Lines Co. (KAL) posted a positive earnings surprise in 2020, reporting an operating profit of 238.3 billion won ($212 million) amid a dra...
Feb 05, 2021 (Gmt+09:00)
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Sovereign wealth funds
KIC earns 60% of its cumulative gains in last two years
Korea Investment Corporation (KIC) earned a combined $42 million in gains between 2019 and 2020, representing 60% of its cumulative earnings since i...
Feb 02, 2021 (Gmt+09:00)
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Pre-IPOs
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...
Jan 29, 2021 (Gmt+09:00)
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Earnings
Kia delivers Q4 earnings surprise; operating profit hits all-time high
Kia Corp., South Korea’s second-largest automaker, on Wednesday posted a record quarterly operating profit on the back of strong sales of high...
Jan 27, 2021 (Gmt+09:00)
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Mergers & Acquisitions
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...
Jan 25, 2021 (Gmt+09:00)
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Steel
Dongkuk Steel wows industry with color steel plates, earnings surprise
GAMMANDONG, BUSAN -- The global steel industry underwent an unprecedented slump in 2020, with demand from the shipbuilding and automobile industries...
Jan 13, 2021 (Gmt+09:00)
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Earnings
Samsung flags decent Q4 earnings growth, misses estimates on KRW, Apple
South Korea’s tech giant Samsung Electronics Co. has flagged that its fourth-quarter operating profit likely rose by nearly a third from a yea...
Jan 08, 2021 (Gmt+09:00)
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Artificial intelligence
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...
Jan 06, 2021 (Gmt+09:00)
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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...
Jan 03, 2021 (Gmt+09:00)
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Rights offerings
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 ...
Dec 30, 2020 (Gmt+09:00)
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Earnings
Korean firms' Q4 earnings seen to jump, led by exporters
Exporters, including Samsung Electronics Co., LG Chem Ltd. and Samsung SDI Co., are estimated to have led a sharp increase in listed South Korean ...
Dec 28, 2020 (Gmt+09:00)
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Korean games
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...
Dec 18, 2020 (Gmt+09:00)
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Mergers & Acquisitions
Kakao Page to merge with Kakao M ahead of 2021 IPO
South Korea's largest mobile app operator Kakao Corp. is working to merge its content platform affiliates, a strategic move that should boost the en...
Dec 03, 2020 (Gmt+09:00)
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Joint Ventures
Kakao, Tencent join forces to tackle Chinese market
South Korea’s leading platform giant Kakao Corp. has joined hands with China’s tech giant Tencent Holdings Ltd. to tap into the Chinese ...
Dec 01, 2020 (Gmt+09:00)
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Webtoons
Naver, Kakao wrestle for crown in webtoon market
South Korea’s leading webtoon (digital comics) platforms are wrestling to secure the No. 1 position in the global market as they work to tak...
Nov 30, 2020 (Gmt+09:00)
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Tech, Media & Telecom
Naver, Kakao unsettled by Google's in-app payment policy
Global tech giant Google’s in-app payment policy has been coolly received by South Korea’s leading platform companies, fueling criticism...
Nov 25, 2020 (Gmt+09:00)
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Future mobility
Kakao, Google in talks over mobility partnerships
Kakao Mobility Corp., the transportation arm of South Korea's No. 1 messaging operator Kakao Corp., is in talks with global IT giant Google over pot...
Nov 22, 2020 (Gmt+09:00)
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Earnings
Celltrion’s Q3 earnings beat market consensus to hit record high
South Korean biosimilar maker Celltrion Inc's operating profit topped market expectations by more than 20% in the third quarter, hitting a record high...
Nov 10, 2020 (Gmt+09:00)
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Webtoons
Kakao webtoon platform Piccoma becomes No.1 grossing app worldwide
Kakao Corp., South Korea's platform giant, announced on Nov. 9 that its webtoon (digital comics) platform Piccoma has become the No. 1 grossing mobile...
Nov 09, 2020 (Gmt+09:00)
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Earnings
Kakao’s Q3 sales, operating profit soar on e-commerce, online ad gains
South Korea’s mobile platform giant Kakao Corp. said Thursday its operating profit and sales jumped to their all-time highs in the third quarter...
Nov 05, 2020 (Gmt+09:00)
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Bond issues
Kakao's exchangeable bond issue lures global investors
South Korea’s mobile platform giant Kakao Corp. is raising the price of shares to be converted from its exchangeable bond issue in Singapore on ...
Oct 22, 2020 (Gmt+09:00)
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Earnings
LG Chem’s Q3 profit soars, battery earnings at record high
South Korea’s LG Chem Ltd. reported on Oct. 21 that its quarterly revenue and operating profit rose to all-time highs in the July-September peri...
Oct 21, 2020 (Gmt+09:00)
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Earnings
LG Chem surprises market with record Q3 earnings estimates
LG Chem Ltd., South Korea’s largest chemical and electric vehicle battery maker, expects its quarterly revenue and operating profit to rise to a...
Oct 12, 2020 (Gmt+09:00)
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IPOs
Kakao Pay set to be Korea's first mobile-payment fintech to go public
Kakao Pay Corp. is set to become South Korea’s first mobile-payment fintech company to go public as the company kicks off preparations for an in...
Sep 28, 2020 (Gmt+09:00)
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Tech
S. Korea's Kakao Work to rival Slack, messenger platform apps
Kakao Enterprise Corp., the artificial intelligence service unit of South Korea’s Kakao Corp., has launched a business messenger platform to com...
Sep 16, 2020 (Gmt+09:00)
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Kakao Games
Kakao Games shares hit upper limit for two consecutive days, further fueling IPO hype
Kakao Games Corp. shares reached the daily upper limit for the second consecutive day on Sept. 11, pushing the company to the third place on KOSDAQ wi...
Sep 11, 2020 (Gmt+09:00)
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Kakao Games
Kakao Games raises whopping $49.3 bn in subscriptions fueling IPO hype
Kakao Games Corp. has set a fresh record raising over 58.6 trillion won ($49.3 billion) in deposits during its two-day public subscription on Sep...
Sep 02, 2020 (Gmt+09:00)
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Entertainment
Kakao Games makes a splash; raising over $13.5 bn in public subscription deposits
Kakao Games Corp. has raised over a staggering 16 trillion won ($13.5 billion) in deposits during the first day of its public subscription on Septembe...
Sep 01, 2020 (Gmt+09:00)
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Kakao Games
Kakao Games bookbuilding draws record-high demand
Kakao Games Corp. posted record-high demand during its bookbuilding for institutional investors on August 25 and 26, according to the company's regula...
Aug 31, 2020 (Gmt+09:00)
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