FOUNDER OF KAKAO SOLD $447 MILLION WORTH OF STOCKS AS DONATION

Highlights –

• Founder of Kakao sold $447 million worth of stocks as donation.
• Kakao's chairman had pledged in February this year to donate more than half of his assets.
• He had joined the Giving Pledge, a global campaign created by ...

KAKAO CORP. AND SPOTIFY REACH AN AGREEMENT ON RENEWAL OF MUSIC LICENSING

Highlights –

• Kakao Corp. and Spotify reach an agreement on renewal of music licensing.
• The two companies had failed to reach an existing deal last month.
• Songs from popular artists such as IU had become unavailable for Spotify’s...

S. KOREA’S MELON MUSIC EX-CEO SENTENCED TO 3 12 YEARS IN PRISON

Highlights –

• S. Korea’s Melon music ex-CEO sentenced to 3 1/2 years in prison.
• The ex-CEO is accused of cashing billions of royalties from musicians.
• The Seoul Eastern District Court also sentenced the company’s former vic...

SK TELECOM TO MERGE WITH UBER IN AUTONOMOUS CAR SECTOR AMIDST RIDE HAILING APP JV

• SK Telecom Co., South Korea's prestigious mobile carrier, said Friday it will detract from its mobility platform, creating a separate business entity as it teams up with US ride-hailing company Uber Technologies Inc. in a move to grab a chunk of business mainly focused in the connecte...

KAKAO CORP. PLANS TO REAPPOINT EXISTING CO-CHIEF EXECUTIVES

Highlights –

• Kakao Corp. organizing a board meeting on Tuesday
• Reappointment of Yeo Min Soo and Joh Su Yong
• The company made profits after they were initially appointed as co-chief executives in 2018

Well known...