News for Kakao Corp. (035720.KS)

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Kakao CEO Shina Chung is banking on next-gen AI tech to rev up sales.

With a 9.7% stake, Tencent’s online music arm will become the second-largest shareholder of SM Entertainment, known for major K-pop acts such as Aespa and NCT.

SEOUL (Reuters) -China's Tencent Music is expected to become the second-largest shareholder of major K-pop agency SM Entertainment, according to a South Korean filing on Tuesday. South Korea's Hybe said in a regulatory filing that it plans to sell its 2.2 million shares in SM Entertainment to Tencent Music Entertainment for 243 billion won ($177 million) on May 30. The 9.7% stake would make Tencent Music the second-largest shareholder in SM Entertainment, after the 42% controlling stake held by Kakao Corp and affiliate Kakao Entertainment, according to an SM filing.

South Korean finance tycoon Cho Jung-ho is edging closer to ending Samsung Electronics Co. Executive Chairman Jay Y. Lee’s two-and-a-half-year reign as the nation’s richest person.

Q4 Consolidated Revenue: CNY 1.96 trillion, down 2% YoY, up 2% QoQ.Annual Revenue 2024: CNY 7.87 trillion, up 4% YoY.Platform Revenue Q4: CNY 1.05 trillion, up

Feb 13, 2025 / 12:00AM GMTJeffrey Shin - Kakao Corp - Team Lead, IR Strategy Team Hello, I'm Jeffrey from Kakao IR. Let's begin with the 4th quarter of 2024, an

At least three South Korean ministries have temporarily blocked employee access to Chinese artificial intelligence startup DeepSeek due to security concerns.

Despite being targeted by Beijing in retaliation to US trade tariffs, Alphabet Inc.’s durable growth and attractive valuation may offer insulation from all the geop…

South Korean shares declined on Wednesday after the nation's president declared martial law and then rescinded it hours later in the biggest political crisis in decades in Asia's fourth-largest economy.

Consolidated Revenue: KRW 2,005 billion, up 4% year-over-year.Operating Profit: KRW 134 billion, up 19% year-over-year.Platform Revenue: KRW 955 billion, up 10

Kakao founder Brian Kim goes on trial Wednesday to face allegations of rigging prices during the takeover battle for K-pop powerhouse SM Entertainment.

The increase of the super apps market is anticipated to be driven by growing smartphone use and internet penetration. Asia Pacific emerged as the most...

Citi cuts Kakao Corp shares target, maintains Neutral rating

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The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to move back to the upside following the downturn seen over the course of the previous session.

Prosecutors have indicted Kakao founder Brian Kim on charges of stock manipulation, kicking off a watershed case that’s transfixed South Korea’s young internet industry.

He is the highest-profile tech titan in South Korea to be charged since Samsung Electronics’’s Jay Y. Lee. Read more at straitstimes.com.

The major U.S. index futures are currently pointing to a modestly lower open on Tuesday, with stocks likely to move back to the downside following the substantial rebound seen in the previous session.