Kakao History, CEO, Future, Stock Price Analysis

Kakao is a Korean Internet company. It provides various mobile services such as Kakao Talk, Daum, Kakao T, and Melon, the No. 1 mobile messenger in Korea.

1. Kakao History

Kakao started in 1999 with Daum Communications. Daum Communications was listed on the KOSDAQ in March 2000, and in 2004, it launched the first portal site in Korea, Daum. Daum grew rapidly and became the nation's largest portal site. In 2010, Daum Communications launched Kakao Talk. Kakao Talk became very popular right after its launch and became the most used mobile messenger in Korea. With the success of Kakao Talk, Daum Communications has grown into the nation's largest IT company. In 2014, Daum Communications changed its name to Kakao. Kakao has since expanded its business by launching various mobile services. Kakao's main services include Kakao Talk, Kakao Pay, Kakao T, Kakao Games, and Kakao Melon. Kakao is currently one of the largest IT companies in Korea, and has many users not only in Korea but also abroad. Kakao plans to expand its business by launching various mobile services in the future.

2. Kakao CEO

The CEO of Kakao is Yeo Min-soo. Born in 1974, Yeo Min-soo graduated from Seoul National University with a degree in computer science. Yeo Min-soo joined Daum Communications in 1999 and served as CTO of Daum Communications and COO of Daum Kakao. I have been the CEO of Kakao since 2017. Yeo Min-soo is one of the main characters who led Kakao's growth. Yeo Min-soo expanded Kakao's business by launching various mobile services such as Kakao Talk, Kakao Pay, Kakao T, Kakao Games, and Kakao Melon. Yeo Min-soo has grown Kakao into the nation's largest IT company. Yeo Min-soo sees Kakao's future brightly. Yeo Min-soo said Kakao will grow into a leading company in future technologies such as AI, big data, and blockchain. Yeo Min-soo said Kakao will become a leading company in the growth of the Korean economy.

3. Kakao Future

Kakao is expected to grow into a leading company in future technologies such as AI, big data, and blockchain. Kakao plans to use these technologies to launch various services and expand its business. Kakao plans to provide personalized services using AI. Kakao plans to analyze the user's behavioral data and recommend content that suits the user's interests. Also, Kakao plans to provide services that can solve users' problems using AI. Kakao plans to create new value by utilizing big data. Kakao plans to use big data to analyze users' behavior patterns and discover new business opportunities. Also, Kakao plans to provide a service that protects users' safety by utilizing big data. Kakao plans to provide new financial services using blockchain. Kakao plans to provide various financial services such as remittance, payment, and investment using blockchain. In addition, Kakao plans to provide a service that protects users' personal information using blockchain. Kakao plans to use these technologies to launch various services and expand its business. Kakao is expected to grow into a leading company in future technologies such as AI, big data, and blockchain.

4. Kakao Stock Price Analysis

Kakao's stock price reached 150,000 won as of Jan. 20, 2022, but has been on the decline since then. Kakao's stock price decline is due to a number of factors. First, Kakao's performance is poor. Kakao posted 1.641 trillion won in sales and 410.7 billion won in operating profit in the first quarter of 2022. This is a 22.5% year-on-year decrease in sales and 11.7% decrease in operating profit. Second, Kakao's new business is sluggish. Kakao is promoting new businesses using future technologies such as AI, big data, and blockchain. However, the new business is still in its infancy, and it is not generating revenue. Third, Kakao's competition is intensifying. Kakao is competing with Naver and Coupang in Korea. Naver operates various businesses such as portal sites, shopping malls, and finance, and Coupang is growing rapidly in the e-commerce market. Kakao's stock price is expected to be affected by various factors such as its performance, new business, and competition in the future. In order for Kakao's stock price to rise, it needs to improve its performance, succeed in new businesses, and gain an edge in competition.

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