Daum Kakao purchases social networking app Path

South Korea’s Daum Kakao, the company behind the popular messaging service KakaoTalk, announced today it has acquired US-based social networking app Path. Path was created five years ago and now has 10 million monthly active users. Path co-founder and CEO …

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Daum Kakao profit falls after marketing increase

Daum Kakao, the company behind South Korea’s popular messaging service KakaoTalk, reported Q1 2015 net income of KRW30.85 billion ($28.3 million), a 23 per cent drop from a year earlier, as it increased its ad and marketing spend to support new …

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Daum Kakao’s net profit doubles on merger gain

Daum Kakao, the company behind South Korea’s most popular messaging app KakaoTalk, reported a sharp increase in its net profit last year due mainly to the merger between Daum Communication and Kakao Corp in October. Its net profit jumped 127 …

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Naver Pay scheduled for release in June

South Korea’s top web portal Naver is joining the crowd moving into mobile payments, announcing plans to launch Naver Pay in June. The company, which owns Japan-based LINE, said the payment platform links a user’s Naver ID with his or …

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Asia Briefs: Globe sees profit in carrier billing; True & China Mobile launch low-cost roaming & more

In a regular series, Mobile World Live‘s Asia Editor Joseph Waring provides a regional roundup of news snippets: Globe sees profit in carrier billing Globe Telecom said its direct carrier billing service for apps has become a major driver in …

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Daum Kakao to enter taxi app fray

South Korean messaging app maker Daum Kakao is to join rival LINE by launching a mobile taxi-hailing service, according to a report by IDG News Service. The company will work with licensed taxi drivers in its home country from early …

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Daum Kakao launches mobile wallet service

South Korean online service provider Daum Kakao has launched BankWalletKakao, a social network based mobile wallet service, in partnership with Korea Financial Telecommunications and Clearings Institute (KFTC) and 16 local banks, following some delays. Available for both Android and iOS, …

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