Daum Kakao to Buy Path’s Social Media Services

BN-IQ648_kakao0_P_20150528213823

SEOUL—In a sign that the battle for control of mobile messaging is heating up, the operator of South Korea’s dominant messaging app said Friday that it would acquire two of San Francisco-based Path Inc.’s services for an undisclosed amount.

The move by Jeju, South Korea-based Daum Kakao Corp., which itself was formed through a merger of Daum Communications Corp. and Kakao Corp. last year, marks the company’s boldest move yet to expand beyond its home market.

[external-link]
I am interested in applying design thinking to the business. I love to code in Central Park on weekends and build something people love to use. You can reach me at sehwan@techforkorea.com

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *