Kakao Corp
Kakao is a mobile lifestyle platform company with services spanning messaging, mail, search, news, advertising, gaming, e-commerce, music, maps and more. Its content platform offers a diverse array of content that can be enjoyed by users of all interest range. Daum News offers tens of thousands of news articles from top news outlets every day, and Story Funding, the country’s first crowdfunding service, is building a healthy platform for new information in hand with users. Kakao Music, Kakao Page, Daum Webtoon and more, enrich user's daily lives enabling users to easily share and enjoy music, cartoons, novels and more.
Kakao Game is a mobile gaming platform that allows users to compete with friends on their social graph. Its popularity has resulted in explosive growths for the Korean mobile gaming industry while establishing mobile games as a mainstream phenomenon.
The company was founded in 2010 and is headquartered in Jeju, South Korea.
Past deals in Music Streaming
S.M. Entertainment Company
Post in 2023
S.M. Entertainment Company is a prominent South Korean entertainment firm primarily involved in the media industry. The company focuses on the recording and production of music, alongside the distribution of its music and videos through various internet platforms. Under the umbrella name SMTown, S.M. Entertainment manages a diverse roster of recording artists. In addition to its core activities, the company also engages in artist management, casting, and training, ensuring that it supports the development and success of its talent in the competitive entertainment landscape.
MELON
Acquisition in 2016
MelOn is a leading music streaming service based in South Korea, boasting approximately 28 million registered users. The platform is recognized for its extensive library of music and user-friendly interface, making it a preferred choice among music enthusiasts in the region. As a developer of music software, MelOn focuses on delivering high-quality audio and personalized listening experiences, catering to diverse musical tastes. The service has established itself as a key player in the competitive music streaming industry, contributing to the evolution of how users consume music in South Korea.
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