Kakao has filed an administrative lawsuit against a government fine of 15.1 billion won ($11 million) over the leaking of personal information on a large scale, according to sources Monday.
Kakao recorded triple-digit jump in net profit for the July-September period compared to the year before, citing base effect due to high operating costs last year and the recent sell-off of some of its subsidiaries.
Kakao Mobility, the operator of the country's most used taxi hailing service provider, was fined for alleged accounting fraud on Wednesday and referred to prosecution for further investigation.
Online lender Kakao Bank said Wednesday its third quarter net profit jumped more than 30 percent from a year earlier on increased interest income and a steady increase in its customer base.
Kakao Entertainment, Fuji TV and Playlist have joined forces to coproduce a short-form drama adaptation of Kakao Entertainment’s webtoon and novel “Secretary Undercover” (2021).
Kakao founder Kim Beom-su has been granted bail at 300 million won amid an ongoing investigation into price rigging for SM Entertainment.
Kakao is set to launch Kanana, an AI-integrated messenger app that offers scheduling, entertainment recommendations, and group interaction features.
Kakao founder Kim Beom-su, who was detained on Aug. 8 on charges of stock manipulation in his company's takover of SM Entertainment, has asked to be released for the trial.
Korea’s antitrust regulator has fined Kakao Mobility, the nation’s largest ride-hailing service provider, 72.4 billion won ($54.8 million) and plans to file charges with the prosecution.
Korea’s antitrust regulator has imposed a fine of 72.4 billion won ($54.8 million) on Kakao Mobility, the nation’s largest ride-hailing service provider, and will file charges with the prosecution.
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