Top 50 largest internet companies in the world 2022 (P.35) Kakao: The giant internet company in South Korea

25-11-2022

(WorldKings.org) Kakao Corp., best known for South Korea’s top mobile messenger app KakaoTalk, has become the country’s top platform company in terms of revenue.

Kakao is a South Korean internet company that was established in 2010. It formed as a result of a merger between Daum Communications and the original Kakao Inc.

Kakao Corp is the company behind KakaoTalk, which serves as its main platform and flagship application. It was founded in 2006 by Kim Bum-soo, the former CEO of NHN Corporation (the organization that emerged from the Hangame and Naver.com merger) as Kakao Inc. Kakao Corp. (then known as Kakao Inc.) is based in Seoul, South Korea. Manson Yeo and Sean Joh serve as the current co-CEOs.

Kakao is engaged in providing content distribution services, messaging platforms and communication services. The company provides services related to communication, media and content platforms, lifestyle, fintech and search services. It also offers services such as mobile messaging (Kakao Talk), music (Melon), e-mail (Daum Mail), gaming (Kakao Games), and news (Daum News), cooking (Daum Cook), Daum movie, and Daum shopping. It also provides search platforms including Daum Search and KaKao Talk Sharp Search.

In 2014, the company was renamed Daum Kakao. The company rebranded once more in 2015, reverting simply to Kakao. In May 2015, the company acquired Path, an American social media company that had become successful in Indonesia. In January 2016, Kakao acquired a 76.4% stake in LOEN Entertainment, a large South Korean entertainment company, for $1.5 billion. It was later rebranded as Kakao M. The company has gained further prominence from KakaoTalk, a free mobile instant messaging application for smartphones with text and call features. By May 2017, the app had 220 million registered users and 47 million active monthly users.

As of March 2022, the company is competing with Naver for No.1 position in the Japanese web comic and web novel market.

 According to Wikipedia


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