Korea s antitrust regulator said Tuesday it has decided to add eight more business groups to the list of conglomerates subject to tighter supervision, including secondary battery materials maker EcoPro.
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Kakao Entertainment, a cultural content affiliate of Kakao Corp., said Thursday that it has drawn equity financing to the amount of 1.2 trillion won ($964 million) from leading global sovereign wealth funds. They are Singapore s Government of Singapore Investment Corp (GIC) and Saudi Arabia s Public Investment Fund (PIF).
Kakao decided to offer up to 50,000 won ($39.50) to small business owners, along with free emoticons for every user of its messenger service, KakaoTalk, as compensation to users who suffered from service disruptions, which occurred on Oct. 15, the internet company said Thursday.