Kakao CEO Announces Plans to Investigate Allegations and Expand Employee Benefits

CEO of Kakao Announces Plans for Thorough Investigation and Expansion of Employee Benefits [By Trustworthy Journalist, Digital Today] Kakao CEO, Hong Eun-taek, recently addressed the allegations brought forward by Kim Jeong-ho, the general manager of management support for the Kakao CA council. In response, he announced a comprehensive plan to investigate the claims and enhance […]

Corruption Allegations Surrounding Kakao Ansan Data Center and Seoul Arena Construction

Kakao Ansan Data Center Under Internal Audit Following Corruption Allegations Kakao, the South Korean company, has initiated an internal audit in response to allegations of corruption surrounding the selection of a data center (IDC) and the construction company for the Seoul Arena. The allegations pertain to the selection of the construction company for ‘Kakao Data […]

Kakao’s Stock Price Rebounds as Management Reform Committee Takes Action

Kakao’s Stock Price Rebounds In a turnaround from its downward spiral, Kakao’s stock price is on the rebound. After experiencing a significant dip last month, the stock has made a recovery of over 30% this month, reaching the 50,000 won range. Market analysts attribute this upward trend to the company’s recent innovation plan and a […]

Kakao Group Takes Steps to Establish Compliance and Trust Committee

Kakao Takes Steps to Manage Compliance and Restore Trust On the 23rd, Kakao announced that Kim Beom-soo, Chairman of the Management Reform Committee, and the first members of the Compliance and Trust Committee held a meeting, marking the first step in the company’s efforts to strengthen compliance and trust. Establishment of Compliance and Trust Committee […]

Kakao Mobility to Meet with Taxi Industry in Difficult Round of Negotiations

Kakao Mobility Faces Tough Negotiations with Taxi Industry After announcing a plan to reorganize the entire taxi business, Kakao Mobility is set to meet with the taxi industry on the 13th to discuss the details of their proposal. This comes after the company’s announcement of making concessions regarding related taxi fees. However, it is expected […]

Kakao’s Third Quarter 2023 Performance and Management Reforms: Sales, Dividends, and Future Plans

Kakao Releases Third Quarter 2023 Financial Results The Elec, a specialist media in the fields of semiconductors, displays, batteries, automotive electronics, and ICT parts. Kakao, a leading South Korean technology company, recently announced its financial performance for the third quarter of 2023. Despite falling short of market expectations in sales, the company reported an operating […]

The Decline of Kakao: Down 76.5% from its All-Time High

[MT Report – Kakao in Crisis: A Turning Point] Kakao, Korea’s leading IT company, is currently facing a range of challenges, both domestically and internationally. The company has been embroiled in controversies, from allegations of market price manipulation during the acquisition of SM Entertainment to monopoly concerns surrounding its ride-hailing service, Kakao Taxi. The government […]