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Five of Kakao’s Daum Webtoon Titles to Appear on Chinese Screens through Partnership with Huace Group
437일 전

Kakao today announced that it partnered with Huace Group, China’s number one comprehensive film and TV media group, to bring five of its popular Daum Webtoon titles to the screens in China. Kakao and Huace group signed deals for four of its webtoons, with one additional title to follow imminently. Daum Webtoon is Kakao’s web comic platform which first introduced the concept and format of ‘webtoons’ in 2003. Since then, it has…

[Investors] The Global Unicorn Hunter: Goodwater Capital’s Eric Kim
452일 전

For the past 14 years, Eric Kim has been racking up a lot of global airline miles. Though his day job is a venture capitalist, Eric joked, “if being an airline passenger were a sport, I think I could enter the Olympics…I’ve learned to sleep in some weird positions.” During any given week, Eric might be in San Francisco, Seoul, New York, Shanghai, Singapore, or Vancouver. When asked if all the travel…

John Jung CBO of Kakao to Present at MWC 2016
463일 전

Kakao Corp., the provider of mobile messaging platform Kakao Talk and Korea’s successful on-demand service Kakao Taxi, announced that its CBO John Jung will be presenting at the 25th of Feb at the Mobile World Congress 2016, taking place in Barcelona Spain. John will be speaking at the ‘Personalization and the On-demand Economy” conference session, which will take place at Auditorium 3 in Hall 4 of Fira Grand via (the MWC venue), starting at 11…

Kakao to acquire stake in Loen entertainment in a US$1.6b deal
499일 전

Kakao have announced the decision to acquire 76.4% shares in Loen Entertainment, a company that is known to have pioneered the digital music service market in Korea through Melon for US$1.6b (KRW 1.9t). Melon is the top music streaming service in Korean. Through this acquisition, Kakao plans to combine Loen’s music contents with their mobile platform and secure a new market by allowing content developers to be more competitive. In securing the investments funds, Kakao have raised…

Kakao needs a new revenue stream, plans to expand into delivery service
560일 전

Kakao Corp. (KOSDAQ 035720) today reported third quarter financial results under Korean-IFRS. Kakao’s consolidated revenue for the quarter was KRW 229.6 billion with mobile businesses making up 56%. For the third quarter, Kakao focused on actively identifying and promoting new ideas and business opportunities. This led to uniform growth in mobile businesses, and consolidated revenue for the quarter grew 1.4% QoQ and 3.5% YoY. Kakao’s commerce platform showed the greatest growth in…

Now Kakao delivers fresh oranges into your house
560일 전

Kakao will launch a pilot program called Kakao Farmer to deliver mandarin oranges produced in Jeju Island todeliver it to consumers when it is in its most delicious state. The pilot operation that began Tuesday will only be offered for three months. A 11-pound box (5kg box) of mandarin oranges will cost around $13 including delivery fees and the tangerines can be purchased through Kakao platform with kakao pay. Additionally Kakao has…

Kakao’s K Group Ventures acquires beauty solution provider Hasys
589일 전

K Venture Group, a specialist investment branch of Kakao has acquired a majority (51%) stake in top beauty solution company ‘Hasys’.  Hasys is the developer and service provider of client management solutions for salons, facial salons, and nail shops. Their beauty client management solutions ‘HairJjang’ and ‘Beauty Jjang’ as at September 2015 maintain more than 9,600 clients. This represents 69% of the market for beauty company client management solutions. On the topic…

3 reasons to attend beGLOBAL San Francisco 2015
590일 전

Since beginning in 2012 as beLAUNCH, beGLOBAL has grown and successfully concluded the 7 startup conferences in Korea and U.S. On the 15th October, the event’s U.S. annual event will be hosted at the ‘The Village’ in San Francisco.  In the ecosystem of startups, beGLOBAL San Francisco 2015 provides invaluable networking opportunities between Asia and U.S . So for budding startups and investors looking at the next top technology startup from Asia, the following provide three reasons why you should attend this event.  Key…

Korea Rising ( Part I: Series Chronicling the Rise of Korean Startups )

Editor’s note: Senior Director Corporate Development at Baedal Minjok I. There is no greater time to be in Korea than now. Yes, that’s coming from a Korean American that has lived his entire life in the Bay Area and landed in Seoul 10 months ago. Hard to digest right? ( I can feel the collective eye roll of native Koreans ) 이사람, 진짜 미쳤다… My grasp of the language is mediocre at…

beGLOBAL SF 2015, a Networking Ground for Silicon Valley Investors and Asia Startups
598일 전

Since beginning in 2012 as beLAUNCH, beGLOBAL has grown and successfully concluded the seventh startup conference beGLOBAL in both Korea and the U.S. To date, the event has been attended by 15,000 people from over 25 countries. To more than 4,000 startups, the event has become a global networking platform. beGLOBAL SF 2015 will be held in San Francisco, on the 15th of October and will provide an opportunity for Korean domestic startups…

Daum Kakao invests into Korean fintech startup Dunamu for mobile stock services
618일 전

On the 15th September, Daum Kakao revealed an investment of  US$2.5m(KRW 3b) into Dunamu which provides a mobile social portfolio investment service. The deal includes a strategic business agreement between the two companied to jointly provide a stock-financial service. Dunamu is a special fintech startup operating mobile investment portfolio app Stock Plus for Kakao through their messenger KakaoTalk. Stock Plus (app) has now reached a cumulative contract value of US$1.7b (2 trillion KRW); 30…

RedTable a data analysis company for restaurants, secures investments worth US$930k

RedTable is a Korean startup providing data analysis services for restaurants.  It was first established by a group of masters and doctorates from the Sae Jong University, Department of Hotel and Tourism.  Recently RedTable secured investments to the scale of US$930k. As revealed by ‘Red Table’, the investment was made by three companies: US$418k from East Gate Partners, US$410k from Angel Investment and the balance from Medium Business R&D.   Red Table was established…

5 Myths About Asian Startups – The Importance Of A Global Perspective

[This article was originally published on Forbes] I was in Asia last week to attend a Demo Day for startups that participated in a two month acceleration program through DEV Korea where I serve as a principal. These companies had split their time between New York and Seoul in order to gain a global perspective that could be applied to their ventures while they were still in a formative stage. This is…

KakaoTalk Answers User Concerns Over Privacy, Adds ‘Secret Chat’ Function
898일 전

Perhaps in response to user concerns around privacy, Daum Kakao has just introduced ‘Secret Chat’ mode and ‘Decline Invites’ features for their KakaoTalk messenger, adding a higher level of privacy to the service. The new features provide users with increased options on how communications are carried out – and with whom. Secret Chat mode is a new type of chatroom that employs end-to-end encryption on all messages exchanged within the chatroom. The…

DaumKakao Launches Korea’s First Mobile Money Transfer Service
923일 전

Daum Kakao has finally launched its mobile money service, BankWalletKakao, a service allows users to spend up to $450 per day and transfer up to $90 per day. A number of other major players are likely to follow suit in the near future. It is suggested that these innovations, introduced by IT companies and not banks, could alter the shape of the financial industry in the future. Samsung, who released their own…

Korean Game Designer Raises Over $100 Million Investment From LINE – Tencent Consortium

4:33 Creative Lab, a top Korean mobile game designer, has joined hands with two of the world’s largest mobile messengers, Tencent and Line Corp. The enormous investment of 1,300 billion won (around $100 million USD) will help the company break into overseas markets and will assist in their plans to go public in 2015. Announcing that it had successfully attracted funds from the mobile messenger operators, the Seoul-based mobile game company said…

Softbank Ventures Assesses The Korean Startup Ecosystem

Softbank Ventures Korea is one of the most established and successful Venture Capital companies in Korea. Outstanding successes include Sundaytoz and Sunnyloft (acquired by Kakao), and there are dozens of other portfolio companies that are rising stars in the Korean scene. Softbank Ventures is a 100% subsidiary of Softbank Corp. in Japan and manages a $250M fund. The fund is based in Korea, but they take care of investments across Asia and…

Three Updates on Korea’s Messaging Privacy War, Kakao Tells Government “No”
947일 전

KakaoTalk Confirms They Will NOT Comply with Government Wiretapping Warrants A cyber censorship battle is being waged between the private and public sectors. Daum Kakao CEO Sirgoo Lee in particular has been embroiled in the controversy over cyber surveillance. He explained why he will not comply with government demands for records held on KakaoTalk, citing user privacy as his priority:  “I’ve honored court warrants for eavesdropping so far, but wiretapping warrants violate the law….

Seven Curated Stories From The Korean Tech Industry This Week
948일 전

  Samsung Ties Up With SK To Develop 5G   South Korea’s top mobile carrier, SK Telecom, said they are partnering with Samsung to develop the 5G industry, seeking early advancement in one of the highly watched mobile sectors. “We signed an MOU to conduct joint research in network technologies and new services related to the 5G,” SK Telecom said. The company currently dominates half of the local mobile market. World First LTE Tech…

Weekly Korean Tech Round-up – 7 News Items That Caught Our Eye
955일 전

Kakao Talk Promises that encrypted messeging will be available this year Daum Kakao, the operator of South Korea’s most popular mobile messenger Kakao Talk, said it plans to adopt a “privacy mode” in an apparent bid to allay users’ concerns about security. There has been much in the Korean press on this matter recently and Telegram has been making the most of the situation, garning massive local suport in Korea. “The new…