Kakao
South Korean internet company
Follow Kakao on Notably News to receive short updates to your email — rarely!
| 2022 | Kakao Healthcare Corp was founded in Seongnam-Si, South Korea, as a subsidiary of Kakao, focusing on digital healthcare technology services. |
| 2021 | Kakao Entertainment Corp was founded as a South Korean entertainment, mass media, and publishing company. |
| April 2019 | Kakao announced plans to launch an e-bike sharing service with an initial fleet of 400 bikes across two major Korean cities. |
| 2017 | Kakao Mobility Corp. launched Kakao T, a comprehensive transportation service app that provides taxi-hailing, designated driver booking, parking space search, and real-time traffic information services in South Korea. |
| 2017 | KakaoTaxi was renamed to Kakao T, introducing a premium service called Kakao Taxi Black for luxury car rides in Seoul. |
| 2017 | Kakao was approved by South Korean regulators to become the nation's first internet-only bank, offering digital banking services without physical branches. |
| September 26 2017 | Kakao Bank lent ₩1.4 trillion ($1.2 billion), representing 40 percent of total loans in South Korea for that month, demonstrating rapid market penetration. |
| July 27 2017 | Kakao Bank launched its dedicated mobile app, attracting 820,000 customers within four days and achieving 1.5 million app downloads in the same period. |
| May 2017 | KakaoTalk reached 220 million registered users and 47 million active monthly users |
| 2016 | KakaoBank was founded through a collaborative effort between Korea Investment Holdings and Kakao Corp., establishing itself as a mobile-first financial institution specializing in digital banking services in South Korea. |
| January 2016 | Kakao acquired a 76.4% stake in LOEN Entertainment for $1.5 billion, later rebranding it to Kakao M |
| 2015 | The company changed its name back to Kakao, following the merger with Daum Communications. Kim-beom-soo was removed as CEO due to gambling and censorship issues, and Rim Ji-hoon was appointed as the new CEO. Kim Beom-soo remained the largest shareholder with a 22.2 percent stake in the company. |
| 2015 | Company rebranded back to Kakao; KakaoTalk gained approximately 90% market share in South Korea |
| March 10 2015 | Daum Kakao launched KakaoTaxi, a ride-hailing platform that quickly gained popularity, attracting around 600,000 taxi-consumers daily within eight months of its launch. |
| 2014 | KakaoTalk was nominated for the Most Innovative Mobile App Award at the Global Mobile Awards. |
| May 26 2014 | Kakao Corp. announced a merger with Daum Communications through a stock swap, aiming to challenge Naver as a major web portal in South Korea. |
| December 2013 | According to App Annie, Kakao became the world's third top publisher by monthly revenue on Google Play. |
| August 2013 | Kakao had three of the top 10 globally ranked Android games on the App Annie platform: Everybody's Marble, Cookie Run, and Anipang. |
| 2010 | Daum Communications and original Kakao Inc merged to form Kakao Corporation |
| March 2010 | Kakao launched KakaoTalk messaging app, which would go on to become the dominant messaging platform in South Korea |
This contents of the box above is based on material from the Wikipedia article Kakao, which is released under the Creative Commons Attribution-ShareAlike 4.0 International License.