Kakao will pull out of some businesses that compete with small, independent stores, taking seriously the government’s recent rhetoric against big internet companies.
Dunamu released a statement Tuesday saying it is not a Kakao company and asked media outlets to not refer to the company as an affiliate or subsidiary of Kakao.
Kakao shares plunged by nearly 20 percent over the past week as it and its affiliates become the target of scrutiny by Korea's financial regulators.
Korea's big internet players — Kakao and Naver — are in the crosshairs of authorities and politicians, who are branding them as having grown too fast and too widely at the cost of consumers and small businesses.
Kakao founder Kim Beom-su is in trouble with the antitrust agency for omitting key information about the de facto holding company K Cube Holdings in regulatory filings, according to local media reports Monday.
Korean big-tech names Naver and Kakao have come under political scrutiny. Bills dubbed “Online Platform Fairness Act” and “Online Platform User Protection Act” largely targeting the two dominant players are awaiting legislative...
Mobile payment service provider Kakao Pay is likely to face difficulties in pursuing its initial public offering (IPO) next month as planned.
Kakao Entertainment’s new webtoon app Kakao Webtoon topped the webtoon app charts in Thailand in terms of revenue for August, beating its rival Naver’s webtoon app, just three months after its release in June. Kakao Webtoon was the ...
Kakao and Naver shares plummeted as one type of financial service they offer was found to violate regulations — and more restrictions on them are possible in the future due to their market dominance.
The Fair Trade Commission (FTC) said while shareholdings controlled by heads of conglomerates and their relatives seemed to shrink in some of the companies they control, their real power has not weakened.