![]() Kakao Corp is the company behind KakaoTalk, which serves as its main platform and flagship application. History 2006-2014: Founding of Kakao Corp. Īs of March 2022, the company is competing with Naver Corporation for No.1 position in the Japanese web comic and web novel market. By May 2017, the app had 220 million registered users and 47 million active monthly users. ![]() The company has gained further prominence from KakaoTalk, a free mobile instant messaging application for smartphones with text and call features. In January 2016, Kakao acquired a 76.4% stake in LOEN Entertainment, a large South Korean entertainment company, for $1.5 billion. In May 2015, the company acquired Path, an American social media company that had become successful in Indonesia. The company rebranded once more in 2015, reverting simply to Kakao. In 2014, the company was renamed Daum Kakao. It formed as a result of a merger between Daum Communications and the original Kakao Inc. Kakao ( Korean: 카카오) is a South Korean internet company that was established in 2010. ![]()
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