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KakaoHairshop: service, finding a nearby beauty salon. Melon: music streaming service acquired through Kakao M. KakaoMusic: music app with sharing features. Brunch: mobile contents publishing service. KakaoPage: web-based cartoon and novel service. KakaoStory: image, video, and music sharing service. KakaoTalk: instant messaging and VoIP service. Kakao provides a diverse set of services. Kakao announced in April 2019 that they would be launching a e-bike sharing service with an initial fleet of 400 bikes across two major cities. Kakao announced plans to expand the activity field to other Korean cities within the following year. Fares for the premium service start at ₩8,000. The service includes the premium extension Kakao Taxi Black, which allows users to book rides in Seoul via the messenger app that is exclusively carried in luxury imported cars such as Mercedes Benz, Lexus, and BMW. In November 2015, Kakao launched the taxi business model Kakao T. The fledgling performance for these banks is being blamed on the high cost of maintaining brick-and-mortar operations and the popularity of Internet finance among Korean consumers. The bank's unprecedented expansion is seen as an exception to the closure of banks, particularly foreign-owned institutions. īy 26 September 2017, Kakao Bank lent ₩1.4 trillion ($1.2 billion), constituting 40 percent of the total loans in all of South Korea for that particular month. These figures trounced the 400,000 users that K-Bank amassed within 100 days of its existence. The bank had 3.5 million customers after a month. The dedicated Kakao Bank app itself was downloaded 1.5 million times within the same period. Īlthough K-Bank eventually became South Korea's first Internet-only bank having been launched several months prior, Kakao Bank immediately attracted more customers 820,000 within four days of its launch on 27 July 2017. Kakao's business plan was considered innovative, and the company's business model was expected to secure sizable customer sign-ups relatively easily, based on the users of KakaoTalk, which is the country's most popular messaging application. Consumers will no longer need to visit a bank to open a new bank account or to get a loan. The Internet bank engages in the same business as commercial banks, including processing deposits, loans and wiring money. Kakao was approved by South Korean regulators to become the nation's first Internet-only bank in 2017. Thanks to the many taxi companies cooperating with the KakaoTaxi service, about 600,000 taxi-consumers used the ride-hailing platform every day within eight months of its launch. On 10 March 2015, Daum Kakao launched their KakaoTaxi service that allows users to call a taxi using the KakaoTaxi application. 
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Kakao Taxi in Daejeon with license plates edited out
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Kakao Corp's full suite of apps includes: KakaoTalk, KakaoStory, KakaoTaxi, KakaoAccount, KakaoMap, KakaoDriver, KakaoBus, KakaoMusic, KakaoGroup, KakaoHome, KakaoPlace, KakaoAlbum, KakaoPage, KakaoStyle, and KakaoAgit. agreed to buy Daum Communications Corp, to cut costs and save time to jump-start growth and gain a listing in Seoul, South Korea. KakaoTalk was nominated for the Most Innovative Mobile App Award at the Global Mobile Awards 2014. is the number one publisher for iOS and Google Play in South Korea, and KakaoTalk is the number one app for iOS and Google Play revenue in South Korea. Īccording to a December 2013 App Annie report, Kakao is the world's third top publisher by monthly revenue at Google Play.
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was named a Top Developer on Google's Android Market, and KakaoTalk was chosen as the number one Free SMS App by Cnet. generated revenue of approximately $200M (USD) through gaming, digital content, mobile commerce, and its marketing channels for brands and celebrities. To maintain simplicity across all the provided services, Kakao applications can be purchased and logged in with links to KakaoTalk. With 93 percent of South Korea's users on KakaoTalk, the free downloads of the games Ani Pang and Dragon Flight, which can only be played with a Kakao Talk account, were deemed "national" games. In August 2013, three of App Annie's Global Top 10 Android games are tied into the KakaoTalk platform- Everybody’s Marble, Cookie Run, and Anipang. Manson Yeo and Sean Joh serve as the current Co-CEOs. (then known as Kakao Inc.) is based in Seoul, South Korea.
It was founded in 2006 by Kim Bum-soo, the former CEO of NHN Corporation (the organization that emerged from the Hangame and merger) as Kakao Inc. Kakao Corp is the company behind KakaoTalk, which serves as its main platform and flagship application. History 2006-2014: Founding of Kakao Corp.
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