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 News
Daum Communications
Acquisition in 2014
Daum Communications is a prominent web portal in South Korea, competing primarily with Naver. It provides a variety of internet services, including a free web-based email system, messaging, forums, shopping, and news. The portal's success is indicative of South Korea's high internet usage, characterized by a large number of broadband users and extensive computer access. Daum gained early popularity as the first major web portal in the country, especially after merging with hanmail.net, a leading email service. This merger facilitated the launch of DaumCafe, an influential forum service that solidified its market position; the term "cafe" has since become synonymous with "internet forum" in Korea. In 2004, Daum expanded its reach by acquiring Lycos, further enhancing its portfolio of services.
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