Kakao, BPM at odds over unfair Melon distribution fees
Big Planet Made Entertainment is accusing Kakao Entertainment of offering affiliates favorable distribution fees on its Melon platform.
Winning the K-pop game: BTS isn't the magic loot box
K-pop companies are creating a variety of content using their artists in an effort to sustain business models without exhausting their stars. While some games based on K-pop met with success, others have struggled — so what truly makes them succeed?
HYBE to acquire remaining SM shares of founder Lee Soo-man
The 3.64 percent stake will be handed over for 104.3 billion won, raising HYBE's percentage of the K-pop agency to 12.6 percent.
Kakao Mobility to allocate $15 million for programs for affiliate drivers
The fund, 40 percent of the amount promised in 2022, will be spent on improving working conditions in the industry.
Over 800,000 university students now using Kakao's Talk Student ID
Over 800,000 university students are using Kakao's Talk Student ID as of the fourth quarter of 2023, with the company partnering with more universities to allow additional students to use the feature.
NCSoft sues Kakao again over alleged mobile game rip-off
The dispute centers on the similarities between NCSoft's Lineage franchise and Kakao Games' upcoming ROM: Remember of Majesty mobile game.
Kakao Mobility guilty of accounting fraud: FSS
The financial watchdog determined that the Kakao subsidiary overestimated its revenue, advising the company to dump its CEO.
Kakao compliance committee instructs affiliates to overhaul governance
The external consultative body called for reforms to win public support through ethical leadership and sustainable growth.
Record-high revenue not enough to keep Kakao in the black for 2023
Despite a record 8.1 trillion won in revenue, costs driven by subsidiaries resulted in a deficit of 1.5 trillion won.
Kakao's operating profit declines 11% to $377.7 million
Kakao said on Thursday its operating profit shrank 10.9 percent on year to 501.9 billion won ($377.7 million) for the full year of 2023. The figure was above the analyst forecast of 476.6 billion won compiled by market tracker FnGuide.