Kakao035720.KS
この企業紹介の日本語訳は準備中です。以下は英語の原文です。
Kakaoについて
Kakao operates KakaoTalk, the messaging application used by the overwhelming majority of South Koreans, and has built a sprawling platform business on top of it. Revenue comes from advertising inside the messenger, gift-commerce and e-commerce services, and content businesses spanning games, music, webtoons, and entertainment production. Financial and mobility services, including the KakaoBank internet lender and the Kakao T ride-hailing platform, operate through separately held affiliates, several of which are listed in their own right. The founder remains the controlling shareholder. Unlike hardware-centric chaebol, Kakao's model monetizes domestic user engagement across everyday services.
The group's structure is the first thing foreign investors examine: numerous subsidiaries, several separately listed, raise double-counting and value-leakage questions that Korean regulators and minority shareholders have pressed for years, and the company has faced supervisory scrutiny across its platform and financial businesses. Revenue is almost entirely domestic, so the stock offers concentrated exposure to Korean consumer activity and advertising budgets rather than global growth. Platform-dominance regulation aimed at large online intermediaries is a standing sensitivity. Investors watch whether the group simplifies its holding structure and curbs subsidiary listings, which would address the discount applied to the parent.
Kakao's founder Kim Beom-su, who had previously co-led NHN, launched the KakaoTalk messenger in 2010 through a startup then called Iwilab. The app's explosive adoption gave the company a national communications platform, and a reverse merger with portal operator Daum Communications in 2014 provided a stock listing and search assets; the combined firm took the Kakao name in 2015. The following decade brought aggressive expansion through subsidiary creation and spin-off listings, including a bank, a payments firm, and entertainment ventures, a strategy that built an empire of affiliates but also triggered regulatory backlash and an ongoing effort to consolidate and simplify the group.
Monetization runs through attention and transactions on KakaoTalk: advertisers buy placements in the messenger's channels and bizboard inventory, brands pay to message customers, and users purchase gifts sent through the app's commerce service, from which Kakao takes commissions. Content businesses sell game items, music, and webtoon episodes, with intellectual property licensed across entertainment formats. Fees also flow from mobility bookings and payment processing in affiliated ventures. Because virtually every Korean smartphone carries the messenger, customer-acquisition costs are minimal, and the competitive moat is the network itself, though monetization intensity is constrained by user tolerance and platform regulation aimed at dominant intermediaries.
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Kakao関連記事
記事24件
Kakao Enterprise Names Lee Jae-han CEO to Accelerate AI Transformation — Sixth Leadership Change in Eight Years
Kakao Enterprise, the B2B cloud and AI arm of Kakao Corp (035720.KS), has nominated Lee Jae-han as its new CEO following Lee Won-joo's resignation after 16 months. The appointment, pending an August 6 EGM, signals a renewed focus on AI transformation as the company reported FY2025 revenue of ₩169.7B (+25.9% YoY) against an operating loss of -₩34.3B.
カカオペイ証券CEO、2,000万ユーザー目標を表明 シーバートとの提携強化で韓国株を米個人投資家に開放へ
カカオペイ証券（親会社：377300.KQ）のシン・ホチョルCEOは、ユーザー数を約800万人から2,000万人へ3年で拡大する計画を発表するとともに、シーバート・フィナンシャル（NASDAQ: SIEB）との提携深化を明らかにした。米国の規制に基づくチャネルを通じて米個人投資家が韓国株を取引できる環境の整備を目指す。
Kakao Bank Calls Full-Day Strike for July 31 as Group-Wide Wage Talks Collapse
Kakao Bank's union has voted for a full-day strike on July 31 after wage negotiations broke down. Kakao Corp talks are deadlocked after two months. We examine the labor cost implications for 035720.KS and 323410.KS investors.
Naver vs Kakao: Business Comparison for Investors (2026)
Naver (035420) and Kakao (035720) dominate Korea's digital economy. Compare revenues, margins, user bases, and risks to decide which fits your Korea tech thesis.
Kia Partners With Kakao Mobility to Build Purpose-Built Robotaxis as Seoul Sets October Level-4 Debut
Kia and Kakao Mobility ink a PBV robotaxi co-development MOU, with Kia supplying PV5 DevKit vans for Seoul's 2026 pilot as both partners target Korea's first unmanned Level-4 commercial service in October.
KakaoPay Securities Secures Investment Dealing License, Poised to Challenge Korea's IPO Underwriting Hierarchy
KakaoPay Securities (377300.KS subsidiary) secures FSC investment dealing licence on July 1 2026, enabling IPO underwriting and full securities dealing for the first time. Deposits exceed ₩20T, 500K+ RIA accounts.
KakaoBank Signs Strategic Stake in Mongolia's M Bank to Export AI Credit Model
KakaoBank CEO Yoon Ho-young signed a strategic equity stake with MCS Group and M Bank at the Korea-Mongolia Business Forum, marking the bank's first overseas equity investment and beginning its AI credit-scoring technology export.
KakaoBank (323410.KS) Wage Talks Collapse, Strike Risk Rises
KakaoBank (323410.KS), Korea's largest internet-only bank by customer count, saw its 2026 wage and collective-bargaining negotiations break down after talks tha
KakaoPay (377300.KS) HQ Raided Over Alipay Data Transfer
South Korean police searched the headquarters of KakaoPay (KRX: 377300), the country's largest mobile-payment platform and an affiliate of messaging giant Kakao
Kakao Mobility Signs SDV MOU with Renault Korea (035720.KS)
Kakao Mobility, the ride-hailing and navigation arm of Kakao Corp (035720.KS), and Renault Korea, the Korean carmaker majority-owned by France's Renault Group, signed a memorandum of understanding on July 8 to jointly develop next-generation in-vehicle software and high-precision map data for advanced driver-assistance systems and infotainment.
Kakao Games Burns 500,000 Treasury Shares in First Cancellation Since 2020 IPO, Pairs With RSU Program
Kakao Games (293490.KQ) announces its first-ever treasury share cancellation since its 2020 IPO, retiring 500,000 shares on July 15 and introducing an RSU plan for employees.
Korea Disinformation Law: NAVER, Kakao Named—Posters Pay
South Korea's telecom regulator on the morning of July 8 formally notified eight online platforms that they are now subject to a revised Information and Communi
Kakao (035720.KS) Targets Cut as AI Revenue Remains Unproven
Kakao Corp (035720.KS), the operator of Korea's near-ubiquitous KakaoTalk messaging app and one of the country's two dominant internet platforms, has drawn pric
Korea Raises Bar for Subsidiary IPOs, Targeting Korea Discount as HD Hyundai Robotics and Kakao Mobility Eye Listings
Korea's FSC and KRX published draft dual-listing guidelines on July 6, requiring parent companies to obtain minority shareholder approval before separately listing subsidiaries. The rules affect planned IPOs including HD Hyundai Robotics and Kakao Mobility.
Korea's Fake News Law Takes Effect July 7: Kakao and Naver Face New Platform Liability Rules
South Korea's revised Information and Communications Network Act takes effect July 7, 2026, exposing Kakao (035720.KS) and Naver to punitive damages and CEO liability for content moderation failures.
Lotte Group Nears KRW 1.3 Trillion Sale of Rental Unit to TPG, Igniting Kakao Mobility Merger Speculation
Lotte Group sells 61.18% of Korea's top car-rental firm to TPG at KRW 58,000/share, a 25% discount vs Affinity. TPG may merge it with Kakao Mobility for a KRW 8T mobility platform.
KakaoBank FinTech Lab Lands Four Papers at ICLR, ACL and LREC, Staking Out Korea's Bank-Side AI Safety Frontier
KakaoBank's FinTech Research Institute had four financial AI safety papers accepted at ICLR 2026, ACL (with KAIST), and LREC — covering prompt injection defense and a financial-risk AI safety taxonomy.
Kakao Workers Stage Full-Day Walkout as Bonus Dispute Deepens, Shares at 52-Week Low
Kakao union stages full-day walkout with about 2,100 participants across five entities, escalating a bonus dispute as shares sit at a 52-week low despite record profits.
Kakao (035720.KS) Workers Strike June 29 Over Bonus Standoff
Kakao Union Sets June 29 'Log-Out Day' as Full Work Stoppage, Wage Talks Still Stalled
Kakao Corp's union will proceed with a full-day work stoppage on June 29 across five group entities, as wage negotiations remain deadlocked after the company's first-ever strike on June 10.
KakaoBank to Acquire Masten Capital for KRW 24.1 Billion, Enters Capital-Finance Race With Auto Loan Ambitions
KakaoBank (323410.KS) will pay KRW 24.1 billion for a 100% stake in Masten Capital, marking its entry into Korea's auto and installment finance market by year-end 2026.
Kakao Pay Buys Out Kakao Pay Securities for KRW 173 Billion, Ending Dual-Listing Overhang and Clearing Path for Stablecoin Push
Kakao Pay will spend KRW 172.98 billion to lift its stake in Kakao Pay Securities from 72.93% to 100% by July 20, removing dual-listing concerns and accelerating its stablecoin and STO strategy.
Kakao Unveils Kanana Agentic AI at KPAIX 2026, Positions KakaoTalk as Korea's Government Service Gateway
Kakao Corp. (035720.KS) unveiled its Kanana agentic AI at KPAIX 2026 in Goyang, partnering with South Korea's government to turn KakaoTalk into a national AI service hub while launching Commerce Catalog Advertising.
Kakao Games Installs LINE Yahoo-Backed Co-CEOs, Denies Merger With LINE Games; Stock Jumps 15%
Kakao Games (293490.KS) held an EGM on June 22 to install Kim Taehwan and Lee Si-woo as co-CEOs under new parent LAAA Investment (LY Corp.), which injected KRW 300B via equity and convertible bonds. A potential merger with LINE Games was ruled out for now; Southeast Asia is the stated growth target. Shares jumped 15.9% on the session.
よくある質問
What does Kakao do?
Kakao operates KakaoTalk, the messaging app used by nearly all South Koreans, and monetizes it through advertising and gift commerce. The wider group spans games, music, webtoons, entertainment production, ride-hailing, payments, and the KakaoBank internet lender, several of which operate as separately listed affiliates.
Who controls Kakao?
Founder Kim Beom-su is the controlling shareholder, holding shares directly and through his personal holding company K Cube Holdings. The wider register includes domestic and foreign institutions and a large retail base. Group governance, including numerous subsidiaries and past spin-off listings, has drawn sustained regulatory and investor scrutiny.
How can foreign investors get exposure to Kakao?
Kakao's shares trade on the Korea Exchange under ticker 035720. There are no overseas depositary receipts, so access typically comes through brokers offering Korean market trading or through Korea-focused and Asian internet ETFs. Related exposure is also possible via separately listed affiliates such as KakaoBank.
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