Kakao, also known as Daum Kakao, is a privately owned South Korean company founded in 2010. Employing approximately 2,530 people, its core business revolves around providing a range of mobile services. These services encompass messaging, email, search, news, advertising, gaming, e-commerce, music, and mapping functionalities. In 2020, the company reported revenues of approximately $100 million.
On April 2nd, Grab expressed interest in acquiring Kakao Mobility's stake, following similar interest from a VIG Partners and Goldman Sachs consortium. On April 3rd, Kakao Pay Securities announced the integration of TradingView charts into its platform to improve user experience. Also on April 3rd, the top 1% of stock investors showed the highest net purchases of Kakao stock as of 9:30 a.m. From April 3rd to May 7th, Kakao will collaborate with the Korea Tourism Organization on the "2025 Tourism Data Utilization Contest," aimed at promoting the use of digital technologies in tourism. Recent shareholder meetings revealed that Kakao, alongside Naver, prioritizes artificial intelligence in its future strategies.
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