A year into merger, Kakao eyes next big leap out of weak profits
Oct 1, 2015
When Kakao Corp. launched its mobile chat application KakaoTalk in South Korea in early 2010, what lured users most was the fact that it was free. Until then, sending and receiving text messages via a phone had been considered something that you had to pay for. The instant messenger, now used by three in every four smartphone owners here, has effectively changed people's perception of text messaging. It's almost taken for granted these days that mobile chatting is out there at no cost.Analysts s