|Key People||Minsoo Yeo and Suyong Joh, co-CEOs|
|Employees||1,000 - 5,000|
|Products||Mobile Messaging, Search, Web Services, Mobile Gaming, Local Services, Communication, and Content Services|
Kakao Corp is a publicly traded South Korea Internet services provider. Kakao operates KakaoTalk, the dominant messaging service in Korea and has produced a number of popular mobile apps for the South Korean market. Kakao is a major backer of Upbit, a cryptocurrency exchange serving the South Korean marketplace.
In March 2018 Kakao, whose business has been limited largely to South Korea, established a subsidiary, Ground X, in Tokyo to focus on blockchain development. In March 2019, Bloomberg reported that Ground X CEO Jason Han said on March 10, 2019, that Ground X had raised $90 million in a private placement of a coin. Han also told Bloomberg that it was seeking to raise another $90 million in a second offering beginning March 12. According to Han, Ground X has already lined up 26 companies to run their applications on the platform. The platform is scheduled to launch operations in June 2019.
- Upbit – Bittrex Korea Virtual Cryptocurrency Exchange Mobile App?. BitcoinExchangeGuide.
- Message App Firm Kakao Seeks Partners for Its Blockchain Venture. Bloomberg.
- Kakao's Crypto Unit Raises $90 Million in Private Coin Offering. Bloomberg.