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Games & Commerce

Naver, Kakao expand holiday services for Chuseok hospitals, parking

Naver and Kakao are expanding services for the Chuseok holiday, offering information on hospitals, pharmacies, animal hospitals and free public parking through search and map functions. They are also strengthening travel and transport information, including airport waiting times and transit and road conditions. Naver will offer short-form videos and promotions for its Clip, Webtoon and Series services. Kakao will run gift, booking and discount promotions and send phishing-prevention messages to about 27 million people.

Games & Commerce

Kakao Entertainment to merge KakaoPage and KakaoWebtoon this year, shifting to one platform

Kakao Entertainment said it will merge KakaoPage and KakaoWebtoon and reorganise its story business around a single platform centred on KakaoPage. The company plans to brief users of both services on Sept. 29 on the integration method and timeline and complete the platform merger within the year. The unified platform will combine content, user data and operations, including about 16,000 original story IPs, usage base and subscription patterns.

Games & Commerce

KakaoGames to buy control of Me2on in 98 billion won deal

KakaoGames will acquire global casual game company Me2on for about 98 billion won. KakaoGames said its board decided to buy a 39.56 percent stake in Me2on, which would make it the largest shareholder and secure management control once the transaction is completed. The deal is KakaoGames\' first merger and acquisition since it shifted to a new management structure. Me2on operates in Asia, North America and Europe and earns more than 80 percent of revenue overseas.