A court has upheld a fine of approximately 6 billion won imposed on Kakao Pay for transferring personal data of about 40 million users to China's Alipay without consent. The court ruled that users did not agree to their data being used for credit scoring by Apple.
A South Korean court has upheld a 6 billion won fine against Kakao Pay for transferring personal data of approximately 40 million users to Alipay without consent. The data was used by Apple to calculate an 'NSF score' for payment risk assessment.
OpenAI CEO Sam Altman will visit South Korea from June 14-15 to meet with top executives from Samsung Electronics, Kakao, and Naver. Discussions are expected to focus on memory supply for OpenAI's 'Stargate' project, AI service collaboration, and cloud/data center partnerships.
Kakao Bank announced it has provided an additional KRW 1.2 trillion in loans to low-to-mid credit borrowers by utilizing an alternative credit scoring model based solely on non-financial data. This model, developed in-house, has enabled the bank to approve loans for approximately 12% of borrowers who would have been rejected by traditional methods.
Kakao Games has signed an MOU with the Korea Craft & Design Foundation to develop traditional cultural products using the IP of the upcoming MMORPG 'Dokkebi's World'. The project aims to blend Korean traditional culture, like Hanbok, with game content.
Kakao Pay Securities announced on the 2nd that its deposited assets have surpassed 20 trillion won as of May 29th. This marks a significant acceleration, reaching the 20 trillion won milestone just 1.5 months after surpassing 15 trillion won.
Kakao Bank's 'Personal Business Real Estate Secured Loan' product has been listed on Naver Pay's loan comparison service, offering interest rates starting from the low 2% range for personal business owners seeking up to 1 billion won.
Child welfare agency Child Fund Korea has partnered with Kakao Mobility to expand the 'Low Doorbell for Protecting Children' campaign, which installs child-friendly doorbells at local businesses to create safe havens for children needing help.
Kakao Corp. and its labor union engage in second mediation round over wage disputes, including demands for restricted stock unit grants, with strike action looming if talks fail.
Kakao Corp.'s labor union and management to mediate wage disputes on May 27, with strike rights for five unions at stake if mediation fails, amidst South Korea's push for performance-based bonuses.
Kakao Pay Securities announced that its domestic stock return investment accounts (RIA) have surpassed 50,000 subscriptions in 45 days since their launch on March 23rd. This represents about a quarter of the total RIA accounts in the industry.
Kakao's labor union is heading into crucial mediation this week over performance bonuses and RSU distribution. A potential strike could impact key businesses like AI and cloud services, drawing industry-wide attention.
Po roku zmniejszania zawartości kakao i wprowadzania zamienników, liderzy branży słodyczy, jak Hershey, zwiększają ilość kakao w produktach. Spadek cen ziaren kakao o ok. 70% sprawia, że tradycyjna czekolada znów staje się opłacalna, zapowiadając niższe ceny dla konsumentów i wzrost popytu dla plantatorów.
Kakao Pay will waive payment fees for new small business merchants until the end of the year. Businesses with annual sales under 500 million won that register by July 30 will benefit from the fee exemption on Kakao Pay Money transactions.
Kakao Corp.'s labor union has voted in favor of a strike after wage negotiations with management failed. Unionized members at five Kakao units, including the headquarters and affiliates like Kakao Pay, are seeking performance-based incentives.
Samsung Electronics' union will strike Thursday after rejecting a government-mediated proposal. Kakao's union also approved a strike vote across five affiliates. A senior US diplomat will visit Seoul to implement summit agreements, while Israeli forces seized an aid flotilla with Korean activists.
Kakao Corp.'s labor union members across five affiliates, including Kakao Pay and Kakao Enterprise, have approved a strike vote following failed wage negotiations. Action plans will be announced soon.
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SEOUL, May 7 (Yonhap) -- South Korean internet tech giant Kakao Corp. said Thurs...
SEOUL, May 7 (Yonhap) -- South Korean internet tech giant Kakao Corp. said Thurs...
SEOUL, May 6 (Yonhap) -- Leading online lender Kakao Bank said Wednesday it post...
