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Industry

Kim Bong-jin says Tada incident left psychological barrier to innovation, calls for startup regulatory reform

Kim Bong-jin, founding chair of the Korea Startup Forum and founder of Baemin, said the Tada incident left entrepreneurs with a psychological barrier to building innovative services. Former and current forum chairs, marking the group’s 10th anniversary, called for improvements to the startup regulatory environment, including a shift to negative regulation and the creation of a fair, open market for competition. They also urged continued dialogue with government and parliament to improve systems.

Games & Commerce

KakaoGames posts Q2 operating loss of 23 billion won, seeks rebound by expanding lineup

KakaoGames said on Tuesday it posted an operating loss of 23 billion won in the second quarter, citing stabilising revenue from existing live titles and a lack of new releases. Revenue fell about 35 percent from a year earlier to 75 billion won. The company plans a third-quarter management reshuffle and business overhaul, and will start pre-registrations in August for the mobile MMORPG “Dokkaebi’s World” ahead of an October launch.

Games & Commerce

Kakao union to hold picket protest at Pangyo Agit on July 21 as pay talks drag on

Kakao’s labour union will stage a picket protest on July 21 inside the company’s Pangyo Agit office as wage and collective bargaining talks remain deadlocked, industry sources said on Tuesday. The action follows a four-hour partial strike on June 10 and a “logout day” on June 29 involving multiple Kakao affiliates. Differences remain over a 6.9 percent pay-rise proposal, renegotiation terms and RSU compensation, with some affiliates also raising job security.