Korean teens prefer TikTok over KakaoTalk, says survey

Korean teens prefer TikTok over KakaoTalk, says survey

South Korean teens appear to prefer to do their social networking on TikTok over KakaoTalk, as short-form videos surge in popularity worldwide. ...

Tech giant Kakao turns to digital display advertising for added revenue 

Tech giant Kakao turns to digital display advertising for added revenue 

Kakao Corp. is looking to add display advertising to South Korea’s largest messaging app KakaoTalk, as well as the fintech apps developed by i...

Kakao ends talks with MBK to sell mobility app stake

Kakao ends talks with MBK to sell mobility app stake

South Korea's Kakao Corp. has terminated talks with MBK Partners to sell a stake in Kakao Mobility Corp., the country’s No. 1 taxi-hailing app...

Daedong attracts investment from Kakao for smart mobility projects

Daedong attracts investment from Kakao for smart mobility projects

Daedong Corp., South Korea’s leading tractor and farm machinery maker, has attracted 10 billion won ($7.6 million) from Kakao Mobility Corp. t...

S. Korea's digital asset exchange operators bulk up despite crypto winter

S. Korea's digital asset exchange operators bulk up despite crypto winter

Despite being in crypto winter, or a period in which prices of major cryptocurrencies have slid and stayed low for weeks on end, South Korea's bigge...

Home decoration app O!House launches a beta version in Japan

Home decoration app O!House launches a beta version in Japan

“Even though different countries have varying living conditions, we all share the common goal of decorating our spaces,” Jay Lee, CEO of...

Contactless healthcare app aims to become S.Korean unicorn

Contactless healthcare app aims to become S.Korean unicorn

South Korea’s contactless healthcare service app Allacare, launched last year, adheres to its business ethics: direct delivery of prescribed d...

Kakao to bolster open chat, ad services for growth

Kakao to bolster open chat, ad services for growth

South Korea’s leading online platform operator Kakao Corp. on Thursday unveiled plans to bolster its open chat and advertising businesses to a...

Kakao Games posts record-high operating profit in Q2

Kakao Games posts record-high operating profit in Q2

Kakao Games Corp., the game publishing unit of South Korean web service giant Kakao Corp., said on Wednesday it achieved record-high operating profi...

Popular app operators in South Korea race to create super apps

Popular app operators in South Korea race to create super apps

App operators in South Korea are in stiff competition to create super apps – as clear winners have emerged in different business sectors.The d...

Korea's top mobile game Odin creator Lionheart eyes IPO in H2

Korea's top mobile game Odin creator Lionheart eyes IPO in H2

Lionheart Studio Corp., South Korea’s leading game developer behind the mobile game Odin, has begun the process to go public with its July 22 ...

Award-winning Hyundai IONIQ 5 EV to land in Japan as MK Taxi

Award-winning Hyundai IONIQ 5 EV to land in Japan as MK Taxi

South Korea’s top automaker Hyundai Motor Co. said on Wednesday it is supplying its all-electric IONIQ 5 crossover to Japan’s taxi servi...

Kakao steps back from conflict over Google's in-app payment

Kakao steps back from conflict over Google's in-app payment

South Korea’s Kakao Corp. has voluntarily removed an external payment link from the country’s largest messaging app KakaoTalk in complia...

South Korea’s unicorn startups, including Viva Republica, delay IPOs

South Korea’s unicorn startups, including Viva Republica, delay IPOs

South Korean startups that exceed $1 billion in valuations, known as unicorns, are pushing back their initial public offering (IPO) dates.The move c...

Kakao-invested game developer Shiftup becomes unicorn startup

Kakao-invested game developer Shiftup becomes unicorn startup

Shiftup Co., a South Korean mobile game developer, has joined the ranks of unicorns, or private companies worth $1 billion or more.The studio behind...

Naver executives’ treasury share sale may signal business slowdown

Naver executives’ treasury share sale may signal business slowdown

Executives at South Korea’s platform giant Naver Corp. are selling their shares in the company, an indication that the company’s busines...

Google stops KakaoTalk updates over violation of external payment policy

Google stops KakaoTalk updates over violation of external payment policy

Alphabet Inc.’s Google has halted updates to Kakao Corp.'s KakaoTalk, South Korea's most popular messaging app. An employee of Kakao told...

KT beefs up services for foreigners as travel bans ease

KT beefs up services for foreigners as travel bans ease

South Korea’s leading telecom operator KT Corp. will offer a broader range of services for foreign subscribers ahead of an expected surge in f...

SK Telecom blocks voice phishing via AI, police database

SK Telecom blocks voice phishing via AI, police database

SK Telecom Co., a South Korean major mobile carrier, is strengthening its spam call filtering system to prevent voice phishing. The system blocked 3...

LG, Kakao Mobility to roll out autonomous delivery robot service

LG, Kakao Mobility to roll out autonomous delivery robot service

LG Electronics Inc. and Kakao Mobility Corp. have agreed to form a future mobility technology partnership with an aim to jointly launch an autonomou...

Korea’s adult audio platform eyes Japan for global biz

Korea’s adult audio platform eyes Japan for global biz

South Korea’s adult audio content platform for women raised money to make inroads into Japan as a start of its global business.Sensual Moment ...

Korea webtoon startup Kenaz acquired by hedge fund

Korea webtoon startup Kenaz acquired by hedge fund

South Korea’s leading webtoon production startup Kenaz was taken over by a domestic hedge fund as it aims to reduce dependence on major platfo...

MBK Partners in talks to buy Kakao Mobility

MBK Partners in talks to buy Kakao Mobility

MBK Partners, one of the largest private equity firms in Asia, is in talks with the country’s top mobile platform Kakao Corp. to acquire share...

Korea's small webtoon platforms eye global adult markets

Korea's small webtoon platforms eye global adult markets

South Korea’s smaller webtoon platforms are targeting the world’s digital adult comics market, in which industry leaders Naver Corp. and...

Kakao to focus on interest-based platform for global market

Kakao to focus on interest-based platform for global market

South Korea’s online platform giant Kakao Corp. plans to shift its focus to an interest-based platform from its existing acquaintance-based me...

Why Samsung didn't join race for S.Korea's air taxi project

Why Samsung didn't join race for S.Korea's air taxi project

Samsung, a name seen everywhere in South Korea from apartment complexes to home appliances, is missing on the list of bidders for the country’...

Lemon Healthcare aims for IPO and triple jump in revenue

Lemon Healthcare aims for IPO and triple jump in revenue

Imagine making a doctor’s appointment with a click of a button on a smartphone app. Once at the clinic or hospital, the app will guide the use...

Kakao Mobility to launch car transport service in June

Kakao Mobility to launch car transport service in June

South Korea’s Kakao Mobility Corp. will begin providing drivers for door-to-door auto transport from as early as mid-June, according to tech i...

Kakao Entertainment’s fundraising plan hits roadblock

Kakao Entertainment’s fundraising plan hits roadblock

Kakao Entertainment Corp., a unit of South Korea’s mobile platform giant Kakao Corp., is struggling to raise money as surging inflation and ri...

Childcare app Piloto aims to instill healthy device use

Childcare app Piloto aims to instill healthy device use

Childcare app operator Piloto won first place at the May startup demo event hosted by D.Camp.  The startup accelerator’s parent company,...

Kakao Pay backs out of acquisition deal for SSG Pay, Smile Pay Hanwha in talks to buy five-star hotel Paraspara Seoul Kia's Lego-like PV5 with 16 variants to hit market in July Stray Kids make K-pop history with landmark stadium show in Germany S.Korea’s most prominent business leader returns with all charges cleared