Kakao’s Competitors, Revenue, Number of Employees, Funding, Acquisitions & News

Kakao is a multi-platform texting application that allows smartphone users to send and receive messages. Read more

5,261 Followers on Owler
5,261 Followers on Owler
5,261 Followers on Owler
5,261 Followers on Owler

Kakao is a multi-platform texting application that allows smartphone users to send and receive messages. Read more

Minsoo Yeo's photo - Co-CEO of Kakao

Co-CEO

Minsoo Yeo

CEO Approval Rating

62/100

Founded:

1995

Status:

PublicIndependent CompanyKorea Exchange035720

TOP COMPETITORS OR ALTERNATIVES

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LINE is Kakao's #1 rival. LINE was founded in 2011 in Shibuya-ku, Tōkyō Prefecture. Like Kakao, LINE also operates in the Application Software space. LINE generates $712.1M less revenue than Kakao.

WhatsApp is one of Kakao's top competitors. WhatsApp is headquartered in Menlo Park, California, and was founded in 2009. Like Kakao, WhatsApp also works within the Application Software sector. WhatsApp generates 99% the revenue of Kakao.

WeChat is seen as one of Kakao's top competitors. WeChat was founded in 2011, and its headquarters is in Shenzhen, Guangdong Province. Like Kakao, WeChat also works within the Application Software sector. WeChat has 7,975 fewer employees than Kakao.

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Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$2.9B

Kakao's revenue is the ranked 1st among it's top 10 competitors. The top 10 competitors average 687.2M. Over the last three quarters, Kakao's revenue has grown by 3.9%. Specifically, in Q2 2020's revenue was $793.3M; in Q1 2020, it was $708.7M; in Q4 2019, it was $763.7M.

Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Neobazar

Dec 2018

Source »
$12.2M
Neobazar develops and publishes Korean webtoons and web novels for comic artists.
KIWI PLUS Co., Ltd.

Jun 2018

Source »
$9.2M
Kiwi Plus designs and develops a mobile application integrated wristwatch that enables parents to track location and communicate with their children.
Parking Square Inc.

Mar 2016

Source »
undisclosed
Parking Square develops and provides an application that allow users to search and reserve for vacant parking lots in nearby area.
MelOn

Jan 2016

Source »
$1.6B
MelOn is an online music platform that allows users to download and stream music over the internet.

These are all the companies that Kakao has acquired. Kakao has acquired 4 companies and its latest acquisition was Neobazar in Dec 2018. Neobazar develops and publishes Korean webtoons and web novels for comic artists.

Kakao Funding History

$72.9M$289.6M$419.5M

Since Kakao was founded in 1995, it has participated in 4 rounds of funding. In total Kakao has raised $419.5M. Kakao's last funding round was on Feb 2018 for a total of $129.9M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Equity
Feb 2018
$129.9M
Equity
Dec 2016
$216.7M
-
Equity
May 2013
$62.9M
Equity
Mar 2013
$10M

Berjaya

Since Kakao was founded in 1995, it has participated in 4 rounds of funding. In total Kakao has raised $419.5M. Kakao's last funding round was on Feb 2018 for a total of $129.9M

Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

Radish designs and develops a mobile-based application that allows users to access and read web fiction serials.
$63.2M
Aug 03, 2020
Series A
-
TIDESQUARE is an online platform that allows users to search and book for hotels and flights.
$30.7M
Mar 19, 2019
Equity
-
Skelter Labs develops artificial and machine intelligence technology to assist and manage smart speakers, smartphones, home appliances and automobiles.
$10M
Feb 20, 2018
Debt
-

These are all the companies that Kakao has invested in. Kakao has invested 4 companies and its latest investment was Neobazar in Dec 2018. Neobazar develops and publishes Korean webtoons and web novels for comic artists.

Kakao News

November 7, 2020The Korea Herald

watchers

Naver Corp. and Kakao Corp., the two major South Korean tech companies, are expected to continue thei... See more »
November 5, 2020The Korea Herald

Kakao posts record earnings in Q3

Kakao, the operator of South Korea's largest mobile messenger platform, announced Thursday that the c... See more »
November 5, 2020The Korea Bizwire

Kakao's Q3 Net Nearly Quadruples on Robust Platform, E-commerce

SEOUL, Nov. 5 (Korea Bizwire) - Kakao Corp., the operator of South Korea's top mobile messenger Kakao... See more »
November 1, 2020The London News Journal

[Pangyo Technovalley, Innovation hub in ASIA] Kakao to Hold the Largest Ever Conference "if(kakao)2020" Online

100 sessions prepared to celebrate the 10th anniversary of KakaoTalk for 3 days.... Diversified topic... See more »
October 27, 2020The Korea Herald

Kakao's financial subsidiaries gear up for 2021 IPOs

Two financial subsidiaries of South Korean mobile messenger giant Kakao are taking a step toward init... See more »
October 22, 2020The Korea Herald

Kakao to raise $300m in Singapore to muster up M&A dry powder

South Korea's internet giant Kakao is planning to issue $300 million worth of exchangeable bonds to a... See more »
October 12, 2020The Korea Herald

Kakao launches live commerce service on its messenger app

South Korean mobile messenger giant Kakao has officially launched live commerce service "Kakao Shoppi... See more »

Kakao Blogs

June 24, 2016Daum Kakao Blog

Kakao Roundup #7

Greetings! Hard to believe that June (June!) is almost over. With new service launches, key internati... See more »
May 20, 2016Daum Kakao Blog

Kakao Roundup #6

Hello everyone. Hope things are going well for you guys. The latest news from Kakao includes our 1st ... See more »
April 22, 2016Daum Kakao Blog

Kakao Roundup #5

We're back to share the latest Kakao news, including our CEO Jimmy's interview with The Korea Economi... See more »
April 1, 2016Daum Kakao Blog

Kakao Roundup #4

Let's quickly check out what's been happening at Kakao. This week's highlight includes the 1st annive... See more »
March 25, 2016Daum Kakao Blog

Kakao Roundup #3

With the weekend just around the corner, here's a quick look at what's been going on at Kakao:... See more »
March 11, 2016Daum Kakao Blog

Kakao Roundup #2

March is here! And we're here to bring you the latest in Kakao news, including our latest online-to-o... See more »
February 12, 2016Daum Kakao Blog

Kakao Weekly Roundup: February 12th, 2016

Feb. 4 Air France latest brand to embrace KakaoTalk as customer service channel... See more »

Kakao Press Releases

May 24, 2018Gamasutra

Long Awaited Lahn Arrives in Black Desert Online with 50% off Deal

We've been waiting for the 16th class for a really Lahn time.... See more »
May 16, 2018Gamasutra

Lahn Pre-customization Available Now in Black Desert Online

Eager beavers can pre-customise their 'Lahn' class characters early.... See more »
May 9, 2018Gamasutra

New Lahn class coming to Black Desert Online on May 23

'Lahn' class should appeal to people from Lahn-dahn.... See more »
January 5, 2018Gamasutra

Kakao Games Announces Lord of Dice, A Tactical RPG with Hero Collection and Dice Mechanics

Publishers of 'Black Desert Online' take a gamble on localising this Asian mobile title for Western a... See more »
October 11, 2017Gamasutra

Black Desert Online celebrates Halloween

Halloween celebrations coming soon. Just like Halloween itself.... See more »
September 4, 2017Gamasutra

Spanish to be added to Black Desert Online

Spanish will soon be an officially supported language.... See more »
July 14, 2017Gamasutra

MYSTIC CLASS IS COMING TO BLACK DESERT ONLINE

Nothing strange about the 'Mystic' class being added.... See more »

Kakao Videos

March 2, 2015KAKAO YOUTUBE CHANNEL

"KT_Girl Series: Episode 1" on YOUTUBE

KT_Girl Series: Episode 1KT_Girl's heart is broken! How do you think she'll recover? Tune in to see w... See more »
November 6, 2014KAKAO YOUTUBE CHANNEL

"How to Download Stickers for Free" on YOUTUBE

How to Download Stickers for FreeMake your chatting more fun with KakaoTalk Free Stickers!From: Kakao... See more »
October 29, 2014KAKAO YOUTUBE CHANNEL

"How to Use KakaoTalk FREE CALL" on YOUTUBE

How to Use KakaoTalk FREE CALLWith KakaoTalk, you can call your friends for FREE! Watch this step-by-... See more »
February 18, 2014KAKAO YOUTUBE CHANNEL

"Kakao Friend Neo in Sochi 2014" on YOUTUBE

February 6, 2014KAKAO YOUTUBE CHANNEL

"Kakao-Loka Episode 8: Carinderia" on YOUTUBE

February 3, 2014KAKAO YOUTUBE CHANNEL

"Kakao-Loka Episode 7: Playtime" on YOUTUBE

Social Media

Headquarters

242, Cheomdan-ro

Jeju-si, Jejudo63309

82-1899-1326

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Summary

ABOUT

Overview

Kakao is a multi-platform texting application that allows smartphone users to send and receive messages. Kakao was founded in 1995. Kakao's headquarters is located in Jeju-si, Jejudo, KR 63309. It has raised 419.5M in 4 rounds. The latest round was in...

CEO

Kakao's Co-CEO, Minsoo Yeo, currently has an approval rating of 62%. Kakao's primary competitors are LINE, WhatsApp & WeChat.

Website

kakaocorp.com

Frequently Asked Questions about Kakao

  1. When was Kakao founded?

    Kakao was founded in 1995
  2. Who is Kakao's CEO?

    Kakao's CEO is Minsoo Yeo
  3. How much revenue does Kakao generate?

    Kakao generates $2.9B in revenue
  4. How much funding does Kakao have?

    Kakao has historically raised $419.5M in funding
  5. Where is Kakao's headquarters?

    Kakao's headquarters is in Jeju-si Jejudo, KR
  1. How many employees does Kakao have?

    Kakao has 9,348 employees
  2. What sector does Kakao operate in?

    Kakao is in Application Software, Messaging
  3. Who are Kakao's competitors?

    Kakao's top competitors are LINE, WhatsApp, WeChat
  4. Who has Kakao invested in?

    Kakao's has invested in companies such as Radish Media, Inc., TIDESQUARE, Skelter Labs