Daum Kakao is engaged in a large-scale character business using Kakao Friends, but its original creator is reportedly not receiving any royalties from KakaoTalk characters.The absurd situation is due to the fact that the creator handed over all copyrights to Daum Kakao when the two parties signed a
Among the 1,600 mobile games that were released last year, only 8 reportedly entered the top 20 in the app market sales rankings, which is considered to be a major business achievement.Industry analysts point out that local gaming companies show mediocre performance in the sale of intellectual prope
Daum Kakao announced on May 14 that its net profits dropped 40.4 percent in the first quarter from the previous one, which was largely due to falling advertisement revenue amid increasing marketing costs. The consolidated net profits came to 30.8 billion won (US$28.1 million) in the first quarter,
An increasing number of major game developers in the country are joining the trend of breaking away from Kakao Games to directly launch their mobile games.According to industry sources on May 13, large gaming companies like NHN Entertainment, YD Online, HanbitSoft, and PATI Games are not choosing Ka
Daum Kakao (CEO Lee Sir-goo) is planning to take over Path Classic, which is the most popular messenger application in Indonesia. Path Classic has more than 30 million users in the Southeast Asian country.Path, the service provider, is headquartered in San Francisco. It is predicted to remain an ind
According to market research firm Nielsen Korea, the number of users of the mobile Android applications provided by Daum Kakao is on the decline in more than half of its 10 applications. Fortunately for the company, though, the monthly average number of users increased from 24,470,124 to 28,950,634
The game “Raven,” co-marketed by Naver and Netmarble Games, has became successful, and some say that it is an indicator that the mobile game market centered on KakaoTalk mobile games is expected to change.Raven, a mobile game launched on March 12, is so popular that it has ranked 1st in sales in App
Daum Kakao has broken up with Yahoo Japan after two years of business cooperation in the Japanese market. The former said that the decision was made as a part of its overseas business restructuring following the merger between Daum Communications and Kakao. Kakao and Yahoo Japan established Kakao Ja
Samsung C&T has dismissed the person in charge of an illegal surveillance operation that monitored and covertly tailed a stockholder attending a general stockholder's meeting.On March 16, Samsung C&T posted words of apology on a blog under the name of President Choi Chi-hun. The statement by Choi re
With competition in the mobile gaming market intensifying, the industry is paying attention to whether or not the dynamics of existing mobile gaming distribution channels led by Kakao Games and Google Play may be affected by some gaming companies' moves. According to industry sources on March 15, mu
The Samsung Gear S, which was released late last year, is a cutting-edge smart watch. However, an increasing number of users are saying that there is much room for improvement, so the product is widely acknowledged to be still an early stage. That is the reason why the Apple Watch, which is schedule
Naver is actively seeking to strengthen its online payment system by revamping its organizational structure, which shows the company's willingness to enter the local e-commerce market. In light of Naver's move, other IT enterprises' penetration into the market is likely to swing into high gear.As th
According to the information technology and credit card industries on Dec. 31, KakaoPay has recently accelerated the expansion of its affiliated stores program. Kakao Pay at first saw a low participation rate of credit card companies and affiliated stores when the service was launched.KakaoPay is pl
The Ministry of Government Administration and Home Affairs announced on Dec. 28 that it will put Barotalk into test operation from Dec. 30.The mobile messenger for business use developed by the Ministry is to replace privately-developed messengers such as KakaoTalk and Telegram. From the second half
Mobile quick payment service KakaoPay is expected to expand its service from online to offline as early as the beginning of next year. This marks the emergence of a new service similar to Apple Pay, an offline payment service on the iPhone 6. Many expect that the competition in the quick payment mar
Global IT giants like Google and Facebook, which already dominate major Internet markets around the world, are accelerating the launch of new offensives to dominate the Korean market too.With Chinese Internet companies like Alibaba and Tencent joining the trend, there are increasing concerns that th
The introduction of a secret chat mode to KakaoTalk is drawing a lot of attention.Daum Kakao announced on Dec. 8 that it has added Secret Chat mode and Decline Invites features to better protect the privacy of KakaoTalk users.End-to-end encryption technology is used in Secret Chat mode, which stores
Korean gaming companies have forged a partnership with Chinese Internet giant Tencent, starting to target the Chinese mobile gaming market.Tencent, which rarely went into partnership with Korean companies in the past, is now actively opening its doors. The phenomenon can be interpreted as its strate
Kakao Pay, Kakao's simple payment service provided by LG CNS, is not rapidly expanding its affiliated stores, even with its partnerships with all of the card companies in the nation. Many people are saying that the untested payment volume and higher fees compared to other online payment service prov
Daum Kakao has officially launched mobile money transfer service Bank Wallet Kakao, following its mobile payment service Kakao Pay. As a result, much attention is being paid to financial services provided by Kakao.A test shows that there is virtually no difference in Kakao's mobile money transfer se