Kakao - Asia Tech Wire

Kakao

2024.07.24

07:17

Kakao founder arraigned by prosecutors after arrest

Asia Tech Wire (July 24) -- Kim Beom-soo, the founder of South Korean IT giant Kakao, who was arrested for alleged stock manipulation, was arraigned by prosecutors at a detention center on Wednesday.

2024.07.23

03:31

Kakao founder arrested for alleged stock manipulation

Asia Tech Wire (July 23) -- Kim Beom-soo, founder of South Korean IT giant Kakao, was arrested by South Korean prosecutors on Tuesday on suspicion of maliciously manipulating stock prices during the acquisition of SM Entertainment.

2024.07.22

07:51

Kakao founder attends pre-trial detention hearing over alleged stock manipulation

Asia Tech Wire (July 22) -- Kim Beom-soo, the founder of South Korean Internet giant Kakao, appeared at a pre-trial detention hearing on Monday for allegedly maliciously manipulating stock prices during the acquisition of SM Entertainment, according to Yonhap News Agency.

2024.07.17

08:40

S. Korean prosecutors request arrest of Kakao founder

Asia Tech Wire (July 17) -- South Korean prosecutors have requested the arrest of Kim Beom-soo, the founder of South Korean Internet giant Kakao.

03:33

South Korea's Kakao mulls sale of gaming, entertainment business

Asia Tech Wire (July 17) -- South Korean tech giant Kakao Corp. is considering selling its gaming and entertainment business, according to the Dong-A Ilbo.

2024.07.09

03:51

Kakao founder summoned for questioning over alleged stock manipulation

Asia Tech Wire (July 9) -- Kim Beom-soo, the founder of South Korean tech giant Kakao Corp., came under questioning by prosecutors on Tuesday on suspicion of manipulating stock prices during his acquisition of South Korean K-pop agency SM Entertainment last year.

2024.05.23

06:56

S. Korean internet giant Kakao fined $11 million for leaking user data

Asia Tech Wire (May 23) -- A regulator has fined South Korean Internet giant Kakao 15.1 billion won (a$11 million) for leaking user data.

2022.03.14

06:08

Kakao founder steps down from board

Asian Tech Press (Mar. 14) -- Kim Beom-soo, the founder of South Korean Internet giant Kakao Corp. (KRX: 035720), has stepped down from the board of the company.

2022.02.25

04:08

Kakao's chief nominee vows to boost stock price back to over $125

Asian Tech Press (Feb 25) -- The nominee for chief executive of South Korean Internet giant Kakao Corp. (KRX: 035720) vowed Thursday that he will bring the company's stocks back above 150,000 won ($125) within his term.

2021.09.14

08:27

Kakao founder falls from South Korea's richest person amid antitrust probe

Asian Tech Press (Sep 14) -- Kim Beom-soo, the founder of South Korean Internet giant Kakao Corp. (KRX: 035720), has fallen from the top position in a list of the country's richest people after local media revealed that he is under investigation by the country's antitrust regulators.

2021.09.09

06:47

Kakao, Naver tumble amid concerns over tougher regulations in South Korea

SEOUL, Sept. 8 (Yonhap) -- Shares in South Korean tech giants Kakao Corp (035720.KS) and Naver Corp (035420.KS) plummeted Wednesday amid growing concerns that new regulations may be introduced to curb their dominance in the market.

2021.08.13

08:47

South Korea's SK Telecom, Kakao to invest about $17 million to form ESG fund

SEOUL, Aug. 12 (Yonhap) -- SK Telecom Co., South Korea's largest wireless carrier, said Thursday it will form a 20 billion won (US$17.29 million) investment fund with mobile messaging giant Kakao Corp. to nurture promising companies in environmental, social and governance (ESG) sectors.

2021.07.22

10:43

S.Korea's Kakao Bank prices IPO at top of range for $34 a share

SEOUL, July 22 (Yonhap) -- Kakao Bank, South Korea's largest internet-only bank, said Thursday its initial public offering (IPO) price has been set at the upper end of 39,000 won (US$34) following this week's demand forecasting session.

2021.07.02

09:38

LG to invest $87.9 mln in Kakao Mobility

LG Corp., the holding company of South Korea's fourth-largest conglomerate LG Group, on Friday said it will invest $87.9 million (100 billion won) in Kakao Mobility Corp., the country's leading taxi-hailing firm, for future growth.

2021.06.28

15:00

S. Korea's Kakao Bank eyes $2.3 billion IPO

KakaoBank Corp., the internet-only lender backed by South Korea’s Kakao Corp., is planning to raise as much as $2.3 billion in an initial public offering, joining a rush by the nation’s companies to sell shares.

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