Kakao Corp

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Kakao Corp
Founded 2014
Headquarters South Korea
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
Twitter @kakaotalk
LinkedIn Profile
Website Kakao Homepage

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.[1]

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.[2] 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.[3]