South Korea's Kakao affiliates to mergeSouth Korea's mobile content platform provider Kakao Page Corp and its entertainment affiliate Kakao M Corp have announced they will merge into a giant entity, called Kakao Entertainment, to create a digital entertainment powerhouse and gear up for global expansion, including the launch of a digital comic-reading platform in Thailand in the first half. Both companies are under Kakao Corp, the technology conglomerate behind South Korea's major messaging app Kakao Talk. "The merged firm, Kakao Entertainment, will have robust synergy in the content business and digital platforms," Jayden Kang, chief operating officer for overseas and vice-president of Kakao Page, told the Bangkok Post. Kakao Page began making inroads into Asean via Indonesia. In 2018, it acquired an Indonesian platform Web Comics and eventually rebranded this into Kakao Page Indonesia.

Source: Bangkok Post January 25, 2021 22:18 UTC