Kakao T Venti
Scope
Date
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Mergers & Acquisitions
Korea's Kakao Pay to buy 51% of US financial firm Siebert
Kakao Pay Corp., the mobile payment and digital wallet service unit of South Korean tech giant Kakao Corp., announced on Thursday it has signed an a...
Apr 27, 2023 (Gmt+09:00)
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Korean SMEs
S.Korea gov’t hosts sales event for domestic, US SMEs
South Korean small- and medium-sized enterprises (SMEs) expanded their exchange and cooperation with US firms during President Yoon Suk yeol's state...
Apr 26, 2023 (Gmt+09:00)
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Business & Politics
S.Korean gov’t to export domestic tax service system abroad
South Korea's National Tax Service (NTS) is looking to export its world-renowned electronic tax administration system after successfully implementin...
Apr 25, 2023 (Gmt+09:00)
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Research & Development
POSCO Holdings opens new R&D center in Pohang
POSCO Holdings said on Thursday that it has opened a headquarters for POSCO N.EX.T Hub, which will lead the R&D efforts for the entire POSCO G...
Apr 20, 2023 (Gmt+09:00)
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Korean startups
Korean gov’t pledges additional $7.9 bn for startups amid fund squeeze
The South Korean government will spend an additional 10.5 trillion won ($7.9 billion) to shore up the country’s startups and venture capitalis...
Apr 20, 2023 (Gmt+09:00)
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Business & Politics
Samsung’s Lee likely to meet Apple, Google, MS CEOs during US trip
Samsung Group leader Lee Jae-yong will meet with chief executives of leading US companies, including Apple Inc.’s Tim Cook and Google LL...
Apr 20, 2023 (Gmt+09:00)
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Entertainment
Aespa, other SM artists to join BTS' K-pop fan platform
SM Entertainment Co.'s artists such as aespa and NCT are set to join HYBE Co.'s fan engagement service., boosting the competitiveness of the platfor...
Apr 17, 2023 (Gmt+09:00)
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Construction
Hyundai E&C, Samsung C&T to jointly establish construction robot ecosystem
Hyundai Engineering & Construction and Samsung C&T Corp.'s construction unit andannounced on Tuesday that they have signed a strategic bus...
Apr 11, 2023 (Gmt+09:00)
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Bio & Pharma
Verismo's CAR-T therapy designated fast-track status by FDA
Verismo Therapeutics, a US affiliate of South Korean pharmaceutical firm HLB Co., has received fast-track designation from the US Food and Drug Admi...
Apr 07, 2023 (Gmt+09:00)
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Carbon neutrality
Samsung C&T, Japan’s Chiyoda collaborate in green hydrogen
South Korea’s Samsung C&T Corp. is boosting its eco-friendly energy business such as in green hydrogen, a carbon-neutral alternative resou...
Mar 31, 2023 (Gmt+09:00)
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Artificial intelligence
Kakao will launch Korean-specific vertical AI in year's first half
Kakao Corp., South Korea’s platform giant operating the country’s No. 1 chat app KakaoTalk, by the first half of the year will launch an...
Mar 29, 2023 (Gmt+09:00)
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Bio & Pharma
Kobiolabs, Kakao Healthcare to explore microbiome-based precision medicine solutions
Kobiolabs Co., South Korea's new drug development company for microbiomes, announced on Tuesday that it has signed a memorandum of understanding for...
Mar 29, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Kakao's tender offer for SM Ent. twice oversubscribed
South Korea’s Kakao Corp. has secured 40% of SM Entertainment Co. as planned, wrapping up its 1.25-trillion-won ($960 million) takeover bid fo...
Mar 27, 2023 (Gmt+09:00)
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Mergers & Acquisitions
HYBE accepts Kakao’s tender offer to exit SM Entertainment
HYBE Co., the largest shareholder of SM Entertainment Co., said on Friday it has accepted Kakao Corp.’s tender offer to sell its shares in the...
Mar 24, 2023 (Gmt+09:00)
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Future mobility
Kakao Mobility buys UK ride-hailing startup Splyt for global biz
South Korea’s Kakao Mobility Corp. said on Wednesday it has acquired the British ride-hailing startup Splyt, marking the first overseas takeov...
Mar 22, 2023 (Gmt+09:00)
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Artificial intelligence
Kakao halts its own AI chatbot beta service a day after release
Kakao Corp., South Korea’s platform giant operating the country’s No. 1 chat app KakaoTalk, has introduced its first artificial intell...
Mar 20, 2023 (Gmt+09:00)
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Mergers & Acquisitions
HYBE to buy 2 labels in the Americas after dropping SM bid
HYBE Co., the company behind global sensation BTS, plans to acquire at least two prominent labels in the Americas this year as it aims to become a m...
Mar 15, 2023 (Gmt+09:00)
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Korean stock market
Kakao, HYBE shares rally on reconciliation but SM shares tank
Investors welcomed the end of a fierce month-long battle between HYBE Co. and Kakao Corp. over control of South Korea’s K-pop pioneer SM Enter...
Mar 13, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Timeline of HYBE's failed bid for SM vs Kakao
(All dates in 2023) -- Jan. 15: Align Partners Capital Management filed proxy litigation against SM Entertainment Co. Founder Lee Soo-man and seven...
Mar 12, 2023 (Gmt+09:00)
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Mergers & Acquisitions
HYBE withdraws bid for SM in $1 bn battle with Kakao
South Korea's HYBE Co., the company behind the global sensation BTS, said on Sunday it has decided to pull out of the face-off with Kakao Corp. for ...
Mar 12, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Will SM shares’ bull run foil Kakao’s takeover attempt?
The bull run in shares of SM Entertainment Co. may deal a heavy blow to Kakao Corp. ’s 1.25-trillion-won ($950 million) takeover bid for the K...
Mar 08, 2023 (Gmt+09:00)
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Artificial intelligence
Kakao Brain launches web service to turn imagination into images
Kakao Brain, a South Korean artificial intelligence (AI) company owned by Kakao Corp., launched an open beta version of "B^ EDIT," a web service tha...
Mar 07, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Kakao to launch takeover bid for SM to counter HYBE
Kakao Corp., South Korea’s dominant mobile platform, will launch a takeover bid for SM Entertainment Co., according to people with knowledge o...
Mar 07, 2023 (Gmt+09:00)
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Mergers & Acquisitions
HYBE barely ups SM stake in tender offer amid tensions with Kakao
HYBE Co. has raised its stake in the K-pop pioneer SM Entertainment Co. by merely 0.98% in a tender offer, after just one institution and minority i...
Mar 06, 2023 (Gmt+09:00)
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Mergers & Acquisitions
HYBE to raise up to $769 mn, new twist on battle with Kakao for SM
HYBE Co. is tightening the reins in its fight against Kakao Corp. for control of SM Entertainment Co. by raising up to 1 trillion won ($768.6 millio...
Mar 05, 2023 (Gmt+09:00)
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Mergers & Acquisitions
HYBE wins 2nd battle against Kakao over SM Entertainment
A South Korean court on Friday ruled in favor of SM Entertainment Co. Founder and former Chief Producer Lee Soo-man to block the company from sellin...
Mar 03, 2023 (Gmt+09:00)
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Healthcare
Kakao Healthcare to launch diabetes monitoring app
South Korea’s dominant mobile platform Kakao Corp. will kick off its healthcare services this year with the launch of a diabetes monitoring ap...
Mar 03, 2023 (Gmt+09:00)
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Mergers & Acquisitions
HYBE loses 1st battle against Kakao for SM Entertainment
South Korea’s HYBE Co. lost its first battle against dominant local mobile platform Kakao Corp. over SM Entertainment Co. as the label behind ...
Feb 28, 2023 (Gmt+09:00)
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ESG
Kakao Impact, KAIST team up for social change through technology
Kakao Impact, a corporate foundation of Kakao Corp., South Korea’s top mobile platform company, said on Tuesday it has agreed to work with the...
Feb 28, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Kakao vows to thwart HYBE scheme for SM control
Kakao Corp., South Korea’s dominant mobile platform, said on Monday it would mobilize all possible countermeasures against HYBE Co. ’s a...
Feb 27, 2023 (Gmt+09:00)
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