Kakao Corp. 035720

South Korea just promised free, unlimited AI to 51 million citizens, and the chipmakers supplying the hardware are already booking it as a win. But the gap between that promise and the compute reality behind it exposes something investors are missing.

The company aims to raise US$1bn to expand its operations.

South Korea's dominant chat app operator Kakao Corp said on Friday ‌it plans to spin off its chat ‌app-based platform business into a new company, tentatively named KakaoAI, ​while retaining investment operations in a firm renamed KakaoX. With this move, the company is seeking to address a conglomerate discount and strengthen business specialisation, ‌Kakao said in ⁠a regulatory filing. The company expects the new entity to relist on the Korea ⁠Exchange on January 27, 2027, following a planned January 1 split.

Kakao Corp (XKRX:035720) posts strong Q2 2026 results with a 36% surge in operating profit, fueled by record Talk Biz advertising revenue and strategic AI partnerships.

Alphabet's (GOOG, GOOGL) Google said Friday it is signing the EU AI Act Code of Practice on Transpar

STORY: Unionized workers at South Korea's Kakao staged a four-hour strike and rally on Wednesday. They demanded job security and changes to the tech firm's bonus system. Hundreds of workers wearing black T-shirts and holding white umbrellas walked out of Kakao's office in the morning. The union had told police as many as 1,200 members would join the rally. Local media reported the union plans a general strike for June 29 with all 5,000 members due to take part. Kakao operates South Korea's biggest messaging app by users, and employs about 6,000 people. The dispute comes with growing labor unre

South Korea's Kakao Corp union said on Monday it will stage a four-hour strike ‌and rally in Pangyo on June 10, demanding job ‌security and reforms to a compensation system it says disproportionately rewards executives. In a ​statement, the union said its core demands include halting restructuring such as divestments and spin-offs and improving what it called an "executive-centric pay system" that fuels job insecurity. The move ⁠comes after government-mediated wage talks broke down last week, with Kakao rejecting union demands — including profit-sharing proposals — as unrealistic and "a big

SEOUL, May 29 (Reuters) - South Korea's Kakao Corp said on Friday union demands for profit sharing were unrealistic and "a big burden" on management as the tech company seeks to focus on future

South Korean tech firm Kakao Corp said it has failed to ‌reach a pay deal with its union after ‌second-round negotiations mediated by the government on Wednesday. Unionised workers at Kakao Corp and four affiliates, including headquarters, Kakao Pay ⁠Corp and Kakao Enterprise, previously voted to support a plan to go on strike. The union has not confirmed ​how many ​of its members at ​Kakao Corp and four ‌affiliates would participate in a strike.

HYBE announced that Zooil Yang will become the new President of Weverse Company, the company behind the global superfan platform, Weverse, on June 1.

The Korean internet giant was an early investor in Dunamu, which operates the country’s most popular crypto exchange Upbit.

BTQ Technologies Corp. ("BTQ" or the "Company") (Nasdaq: BTQ) (CBOE CA: BTQ), a global quantum technology company focused on securing mission-critical networks, today announced that it it has been selected as the core PQC security technology provider through its Quantum Secure Stablecoin Settlement Network ("QSSN") in a proof-of-concept with its Korean strategic partner, Finger Inc. ("Finger"), and iM Bank, a leading Korean commercial bank, for South Korea's first bank-led Korean won stablecoin

The South Korean social commerce market is experiencing robust growth, projected to reach USD 125.57 billion by 2026, marking a 12.1% annual increase. This expansion is driven by evolving consumer behaviors and the integration of live shopping formats and AI-driven platforms, which are enhancing engagement and personalization within the digital retail environment. Key platforms such as Naver, Kakao, and Coupang are pivotal in shaping this landscape, with trends focusing on live shopping, AI...

South Korean Social Commerce Market South Korean Social Commerce Market Dublin, April 22, 2026 (GLOBE NEWSWIRE) -- The "South Korea Social Commerce Market Intelligence and Future Growth Dynamics Databook - 50+ KPIs on Social Commerce Trends by End-Use Sectors, Operational KPIs, Retail Product Dynamics, and Consumer Demographics - Q1 2026 Update" has been added to ResearchAndMarkets.com's offering. The social commerce market in South Korea is poised for significant growth, with expectations to re

The South Korean prepaid card and digital wallet market presents key growth opportunities driven by increasing platform-linked stored value and wallet-first payment habits. The market benefits from high mobile wallet usage and super-app ecosystems, fostering seamless top-up, management, and spending of balances domestically and cross-border. South Korean Prepaid Card and Digital Wallet Market South Korean Prepaid Card and Digital Wallet Market Dublin, Feb. 27, 2026 (GLOBE NEWSWIRE) -- The "South