kakao ai image generator
Scope
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Webtoons
Kakao Japan secures over $500 mn from Anchor Equity; valuation tops $7 bn
Kakao Corp.’s Japanese unit is set to secure 600 billion won ($530 million) from South Korea-based private equity firm Anchor Equity Partners....
May 20, 2021 (Gmt+09:00)
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Construction & Planning
Hyundai CE, Amazon develop AI-based equipment diagnosis technology
Hyundai Construction Equipment Co. (Hyundai CE), an affiliate of Hyundai Heavy Industries Holdings Co., said on May 17 that it has jointly developed...
May 17, 2021 (Gmt+09:00)
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Artificial intelligence
LG Group to invest $106 mn in advanced AI tech development
South Korea’s LG Group will spend about 120 billion won ($106 million) over the next three years to establish a massive high-performance compu...
May 17, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Naver vs Kakao: Intense rivalry to extend beyond Asia
South Korea's two online giants Naver Corp. and Kakao Corp. have completed their respective acquisitions of storytelling platforms in the US and Can...
May 11, 2021 (Gmt+09:00)
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IPOs
Kakao Pay values itself at above-consensus $14 bn
Kakao Pay Corp., aiming to list on South Korea's main stock exchange this year, has valued itself at as much as 16 trillion won ($14.4 billion), or ...
Apr 27, 2021 (Gmt+09:00)
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IPOs
Fintech platform Kakao Pay applies for Kospi IPO
Kakao Pay Corp., a unit of South Korea's largest mobile messaging app Kakao Corp., submitted an application for its initial public offering with the...
Apr 26, 2021 (Gmt+09:00)
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IPOs
Kakao Bank applies for preliminary review of 2021 IPO
Kakao Bank, South Korea's No.1 mobile banking app., has kicked off the process to go public by applying for a preliminary review of its stock market...
Apr 15, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Naver, Kakao vie for Korean web novel platform
Naver Corp. and Kakao Corp., South Korea's two online giants, are competing to acquire Munpia Inc., their smaller domestic rival in the web novel ma...
Apr 15, 2021 (Gmt+09:00)
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Aerospace & Defense
S.Korea rolls out next-generation fighter jet KF-21 with local technology
South Korea on Friday unveiled a prototype of its homegrown fighter jet, the KF-21, two decades after it vowed to develop a next-generation superson...
Apr 09, 2021 (Gmt+09:00)
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Platform valuations
Kakao Entertainment’s enterprise value seen above $8.9 billion
Kakao Entertainment Corp. is working to make a trading debut on the domestic bourse in the latter part of this year or in 2022 at the latest. And th...
Apr 09, 2021 (Gmt+09:00)
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E-commerce
Kakao to buy fashion app, pushing aside eBay Korea
Kakao Corp., South Korea's top mobile messaging app operator, is set to acquire a majority stake in Zigzag, a domestic online fashion platform targe...
Apr 08, 2021 (Gmt+09:00)
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Korean startups
Riiid makes list of world's 100 most promising AI firms
South Korea-based startup Riiid Inc. has been named to the annual AI 100 list issued by global market research firm CB Insights. The AI 100 is a lis...
Apr 08, 2021 (Gmt+09:00)
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Kakao Japan seeks $446 million from Anchor Equity
Kakao Corp.’s Japanese unit, which operates Japan’s largest webtoon platform Piccoma, is in talks to attract as much as 500 billion won ...
Apr 06, 2021 (Gmt+09:00)
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Research & Development
Chips, EV and AI lead Korean firms' 2020 R&D spending
Semiconductor chips, electric vehicles and artificial intelligence (AI) drove the top 100 South Korean companies' spending on research and developme...
Apr 05, 2021 (Gmt+09:00)
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Digital contents
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 ...
Apr 04, 2021 (Gmt+09:00)
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Future 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...
Apr 01, 2021 (Gmt+09:00)
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Economy
KOTRA to lead trade digitalization with AI, big data
South Korea’s state-funded Korea Trade-Investment Promotion Agency (KOTRA) is undergoing a full-scale digital transformation to expedite inter...
Mar 31, 2021 (Gmt+09:00)
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Venture capital
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...
Mar 31, 2021 (Gmt+09:00)
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Earnings
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...
Mar 19, 2021 (Gmt+09:00)
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K-pop
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...
Mar 11, 2021 (Gmt+09:00)
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Future mobility
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...
Mar 09, 2021 (Gmt+09:00)
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IPOs
SK Bioscience’s $1.3 bn IPO generates $10 mn in underwriting fees
The initial public offering of SK Bioscience Co. was priced at the upper end of its price band of 65,000 won ($57.3) per share on Monday to raise 1....
Mar 08, 2021 (Gmt+09:00)
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Korean chipmakers
SK Hynix to unveil industry’s smallest pixel image sensor, eyes $24.9 bn market
Leading global chipmaker SK Hynix Inc. plans to unveil the industry’s smallest 0.7-micrometer pixel image sensor this year to enhance its pr...
Mar 04, 2021 (Gmt+09:00)
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Korean stock market
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 ...
Feb 26, 2021 (Gmt+09:00)
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IPOs
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...
Feb 22, 2021 (Gmt+09:00)
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Pre-IPOs
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...
Feb 18, 2021 (Gmt+09:00)
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Future mobility
Hyundai Motor unveils AI-powered voice recognition technology
South Korea-based Hyundai Motor Group has unveiled new artificial intelligence-powered voice recognition technology to be installed in mass-produced...
Feb 18, 2021 (Gmt+09:00)
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Hyundai reveals interior images of EV model IONIQ 5
Hyundai Motor Co. unveiled interior images of the IONIQ 5, the first model under its standalone electric vehicle sub-brand, on Feb. 15, featuring a ...
Feb 15, 2021 (Gmt+09:00)
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Earnings
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...
Feb 09, 2021 (Gmt+09:00)
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Earnings
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...
Feb 09, 2021 (Gmt+09:00)
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