Kakao Founder Becomes Korea’s Richest Person As Shares Of His Internet Giant Surge

Kakao’s digital businesses were already doing well before Covid-19. It started with a mobile messenger service and expanded through mergers and acquisitions with 100 other companies, Biswas says. The messenger service, KakaoTalk, garnered 45 million users and a nearly 95% share of the domestic market in 2018, says Dongkeun Yi, an analyst with research firm Counterpoint Research…Read more