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Once the two firms are combined, a new tech giant is expected to debut, with about 3 trillion won ($2.9 billion) market capitalization, posing an apparent threat to Naver, the nation’s biggest portal company. announced that it has decided to merge with Daum Communications through a stock swap.
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Kakao Corp’s full suite of apps include: KakaoTalk, KakaoStory, KakaoMusic, KakaoGroup, KakaoHome, KakaoPlace, KakaoAlbum, KakaoPage, KakaoStyle, KakaoAgit. agreed to buy Daum Communications Corp, to cut costs and save time to jump-start growth and gain a listing in Seoul, South Korea. Was nominated for the Most Innovative Mobile App Award at the Global Mobile Awards 2014. is the #1 publisher for iOS and Google Play in South Korea, and KakaoTalk is the #1 app for iOS and Google Play revenue in South Korea. Īccording to a December 2013 AppAnnie report, Kakao is also the world’s third top publisher by monthly revenue in Google Play.
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and KakaoTalk was chosen as the No.1 Free SMS App by Cnet.

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was named a “Top Developer” on Google’s Android Market. generated revenue of approximately $200M (USD) through gaming, digital content, mobile commerce and its marketing channels for brands and celebrities. is based in Seoul, South Korea, and Jae-Beom (JB) Lee and Sirgoo Lee are the current Co-CEOs. Kakao Corp is the company behind KakaoTalk (its platform and flagship app), and was founded in 2010 by Beom Soo (Brian) Kim, the former CEO of NHN Corporation (founder of Hangame, which merged with to create NHN).

Users can also purchase real-life goods through the messenger’s “Gifting” platform, such as Starbucks coffee or jewelry. Through the “Plus Friend” feature on KakaoTalk, users can follow brands, media and celebrities to receive exclusive messages, coupons and other real-time information through KakaoTalk chatrooms.
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KakaoTalk began as a messenger service, but has trasformed itself into a platform for the distribution of various third party content and apps, including hundreds of games, which users can download and play their friends through the messaging platform. The KakaoTalk service also allows its users to export their messages and save them for future reference. Users can also search friends by KakaoTalk ID without having to know each other’s phone number. KakaoTalk automatically synchronizes the user’s contact list on their smartphones with the contact list on KakaoTalk to find friends who are on the service.

Both one-on-one and group chats are available over Wifi or 3G, and there are no limits to the number of friends who can join in on a group chat. In addition to free calls and messages, KakaoTalk users can share diverse content and information including photos, videos, voice messages, location, URL links as well as contact information. The app is also used by 93% of smartphone owners in South Korea. KakaoTalk currently has 140 million users and is available in 15 languages.

It was launched on Maand is currently available on iOS, Android, Bada OS, BlackBerry, Windows Phone, Nokia Asha and Personal Computer. KakaoTAlk is a free mobile Instant messaging application for smartphones with free text and free call features.
