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Kakao to create synergy with SM Entertainment

Kakao s high-tech IT value chain distribution channels will be combined with SM Entertainment s extensive intellectual property (IP), leading to mutually beneficial business expansion, the company CEO said Tuesday. Kakao and its entertainment subsidiary Kakao Entertainment together acquired a 39.87 percent stake in SM Entertainment, a leading local cultural content agency. ....

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Korean online payment service Kakao Pay surges nearly 114% on the first day of trading – TechCrunch

Shares in Kakao Pay, the fintech unit of South Korea’s largest messaging app operator Kakao Corp, closed up 114% in its market debut on Wednesday. The Ant Financial-backed company ended day one of trading at $163.3 (193,000 won), securing a market capitalization of $21.2 billion. Kakao Pay’s shares surged as high as $194.6 (230,000 won) […] ....

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Radish Fiction App Acquired by Korea's Kakao for $440 Million

Korea s Kakao Buys Radish, Tapas Storytelling Apps for $950 Million
Todd Spangler, provided by
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UPDATED: Serialized fiction app Radish is being acquired by Kakao Entertainment, the entertainment arm of Korean internet giant Kakao, in a transaction valued at $440 million. In addition, Kakao Entertainment said it is buying Tapas Media, which says it has more than 3 million readers of its short-form online mobile content, for $510 million.
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“Tapas and Radish are two amazingly powerful storytelling platforms, and we welcome them into the Kakao Entertainment family with open arms as we rapidly ramp up our global operations,” Jinsoo Lee, CEO of Kakao Entertainment, said Tuesday in a statement Tuesday announcing the deals. “The partnership with Tapas and our webtoon IPs has already borne fruit and given us even more confidence in the North American marketplace. Radish gives us the platform to publish our web novels for the f ....

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