International Journal of Soft Computing and Engineering
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Investor Relations I August 2015 Company Mission & Business Area
Investor Relations I August 2015 Company Mission & Business Area A Mobile Lifestyle Platform Daum Kakao provides mobile lifestyle services that make everyday connections boundless and better Our mission is to “Connect Everything” Connecting users, businesses, and more together on our platform in a way that touches every aspect of our lives Communication & Search & Media & Commerce & Taxi & Community Recommendation Content Games Fintech Others Media 2 Created Through the Merger of Leading Internet & Mobile Platforms Feb 1995 1999 2005 2009 2013 Established Daum Café Daum Blog Map. Mobile Global Utility Apps Daum “Tistory” Service “SolMail” Communications “SolCalendar” 1997 2000 2006 Jun 2015 Daum E-mail Daum Search Daum TV Kakao#Search Jan 2015 May 2015 “Hanmail” “TV Pot” KakaoChannel K Venture Group Path KakaoTV Mobile Lifestyle Platform Oct. 1, 2014 Merger between Daum and Kakao Nov 2014 Mar 2015 May 2015 BankWalletKakao KakaoTaxi LOC&ALL (KimGiSa) Mar 2010 Mar 2012 Aug 2014 KakaoTalk KakaoStory YellowID Dec 2006 Sep 2010 Jul 2012 Sep 2014 Established Changed company KakaoGames KakaoPay IWILAB Name to Kakao 3 Diversified Platform Leveraging Content, Social Graph and User Traffic Daum Kakao’s Assets and Expertise Diverse Platforms Leading to Growth and Monetization #1 Communications Kakao Kakao Kakao Contents & Community Talk Story Hello #2 Advertising Kakao Platform Daum Story YellowID #3 Assets Recommendation Daum Kakao(#) KakaoTalk & Search Search Search Channel Social by advertising monetizing Traffic Graph User &engagementand base growth #4 Media & Content Daum Media KakaoTV KakaoPage n Contents: 14 years of accumulated contents of Daum #5 Search and continued creation of contents by Kakao Games Kakao Kakao Daum platforms including KakaoStory, Brunch, Plain, etc. -
Managing a High Tech Company: the CEO Perspective
Minor changes/updates will be made for Fall 2019. Spring 2019 INFO-GB.2332 Managing a High Tech Company: The CEO Perspective Prof. Jihoon Rim, [email protected] Tuesdays & Thursdays, 9:00-10:20am Office Hour: After class or By appointment Course Description: We are living in an era where “technology” companies are totally changing our lifestyle and it is obvious that artificial intelligence will push this trend further. As it is clear that each and every industry will be disrupted by technology, understanding this mass transformation is crucial. Students will study how ‘management’ is done in high tech companies and understand the differences between managing a high tech company and a traditional company. This course will cover mega trends in the technology sector and a number of real word business cases. Topic Examples in this course include: (1) How to manage innovation; (2) Critical success factors in tech companies; (3) Technology’s role in platform business (two sided business, content platform business); (4) Culture & Talent management in tech industry; (5) Tech M&As. On top of U.S tech companies, Asian tech companies, well known for their advanced implementation of technology, will also be discussed. (Baidu, Tencent, Alibaba in China and Kakao, Naver in Korea) Additionally, the lecturer will share his experience working as CEO at Kakao Corp., and help students understand the “CEO Perspective”. Course Objective: ● To understand basic concepts and underlying principles that apply to the technology industries. ● To analyze and discuss success factors of technology companies that are changing our everyday life. ● To understand how technology companies operate. -
Kakao Games to Overshoot to the Upside
[Korea] September 10, 2020 Game s (Overweight/Maintain) Kakao Games to overshoot to the upside Mirae Asset Daewoo Co., Ltd. Chang-kwean Kim [email protected] HeeSeok Lim [email protected] Game performance trends Analysis of game performance trends in July and August (Sensor Tower data) We analyzed the revenue trends of major titles using data from mobile app data provider Sensor Tower. Our figures are based on a statistical analysis and may differ from actual revenue, depending on the time series and sample size. Thus, our figures should be viewed as a reference for the performance trends of each title, rather than as absolute values. New title expectations to drive Initiate our coverage on Kakao Games with a Buy rating and TP of W42,000 momentum The release schedule for blockbuster titles is the most important variable in the valuation of game companies. Generally speaking, game stocks trade at high P/Es when frequent new releases provide sustained momentum. Shares of NCsoft, Netmarble (251270 KS/CP: W189,000), and Pearl Abyss (263750 KQ/CP: W196,700) have traded at average P/Es of 24x, 50x, and 14x, respectively, since their IPOs. Notably, expectations for blockbuster titles caused the valuations of Netmarble and Pearl Abyss to surge right after their IPOs (with P/Es reaching 80x and 200x, respectively). Kakao Games’ offering price implies a 2020F P/E of 19x; our target price implies a P/E of 30x. Notable stocks in 3Q20: Webzen Small/mid -sized game stocks to monitor in 2H20: Webzen and JoyCity and JoyCity The market is expecting both Webzen (069080 KQ/CP: W36,750) and JoyCity (067000 KQ/CP: W22,250) to deliver record revenue, backed by the solid performance of existing titles and the commercial success of new titles. -
ICIS 2017 Program Book
Transforming Society with Digital Innovation Welcome to Seoul Dear friends and colleagues of the AIS Community: It is our great pleasure to welcome you for ICIS 2017 to Seoul, a vibrant city that has been the capital city of Korea, for more than 600 years! ICIS 2017 promises to be an exciting and intellectually stimulating event, with a program that features 406 paper presentations and 42 ancillary meetings of SIGs and chapters. The conference is also introducing a number of innovations. We are inaugurating the first paper-a-thon with 46 papers where co-authors will meet and create new knowledge in real-time, during the conference. In addition to the continuing tradition of the doctoral consortium, the conference includes a doctoral student corner and doctoral student reunion for the first time. The junior faculty consortium, mid-career faculty workshop, and senior scholar’s college will help colleagues at every stage of career development. We hope that the diverse spectrum of activities at ICIS 2017 will be an invaluable experience, enriching your interactions and knowledge exchange, and providing numerous opportunities to renew old relationships and build new ones. The theme of ICIS2017 is “Transforming Society with Digital Innovation.” All countries across the globe are moving in this direction. Korea has also been growing fast based on its manufacturing and operational capability for the past 50 years, and the Korean government and companies have expended considerable effort in developing digital capability to make the country grow further to benefit its citizens. Germany has initiated the industry 4.0 and platform industry 4.0, the U.S.A. -
4Th Quarter and FY2014 Results
4th Quarter and FY2014 Results 2015. 2. 12 | Investor Relations Disclaimer Financial information contained in this document is based on consolidated K-IFRS that have not been audited by an independent auditor: therefore, the information and financial data contained in this document are subject to change upon an independent auditor’s audit. Also, this document contains the unaudited pro-forma combined financial information of the Daum Communications and the Kakao Corp., for the pre-merger periods, solely for the convenience of the investors. Please note that such financial information are not subject to an independent auditor’s audit. The company does not make any representation or accept liability, as to the accuracy or completeness of the information contained in this material. The format and contents of this document are subject to change for future filings and reports. Daum Kakao is not liable for providing future updates on all figures included in this document. 2 Table of Contents 1. About Daum Kakao 2. KakaoTalk Monthly Active Users (MAUs) 3. Summary Results 4. Revenues 5. Expense 6. Profits 7. Financial Position Appendix: • Unaudited Consolidated Financial Statements: Pro-forma • Unaudited Consolidated Financial Statements: Merger accounting under K-IFRS • Employees 3 1. About Daum Kakao: Merger 1995.02 1999 2005 2009 2013 Established Daum Cafe Daum Blog Map. Mobile Service Global Utility Apps. Daum Communications 1997 2000 2006 2010 Daum E-mail Daum Search Daum TV Mobile Messenger “Hanmail” “TV Pot” “My People” 2014.10 2006.12 2010.09 2012.07 Established Changed name to Launched IWILAB Kakao KakaoGames 2010.03 2012.03 Launched Launched KakaoTalk KakaoStory 4 1. -
February 2020 | Investor Relations Disclaimer Table of Contents
February 2020 | Investor Relations Disclaimer Table of Contents Kakao Ecosystem 4 Kakao Business 12 Talk Biz 13 Mobility 16 Techfin(Pay) 17 Techfin(Bank) 18 Music 19 Game 20 Paid Content 21 IP Business(M) 22 IP Business(IX) 23 Financial Overview 24 Kakao ecosystem Kakao business Financial overview 4 Vision “Connect Everything” Innovating the way we connect for a better tomorrow 5 History ● Interactive Business Platform 2013 100million Subscribers Kakao talk 2014 Kakao & Daum Merger 2010 2010 2014 2015 2016 2016 2017 Kakao Kakao Kakao Kakao Kakao Kakao Kakao Talk Talk Gift Pay Taxi Makers Driver Bank 2006 KaKao (I.W.I LAB) Established 2018 Kakao & LOEN 2012 2012 2013 2016 2016 Merger Kakao Kakao Kakao LOEN Kakao Japan Game Friends Page Acquisition Piccoma ● Content Ecosystem & Global Expansion Kakao M Spin off 6 Undisputed Market Leader No1. Mobile Messenger Service in Korea Kakao Talk Monthly Active Users 45 Million MAU in Korea 96% Market Share 87% Population Penetration 44,731 44,859 44,417 44,076 43,526 43,577 43,662 43,812 43,201 #1 Brand Power Across 220 Industries in Korea Most Admired Workplace Among Top 100 Companies in Korea by Market Cap. 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 #1 Social Contribution Index Korea 43,201 43,526 43,577 43,662 43,812 44,076 44,417 44,731 44.859 Among the 57 Largest Conglomerate Groups in Korea Global 49,709 50,348 50,113 50,187 50,219 50,547 50,882 51,374 51,495 Average of monthly MAUs. -
Investor Relations I September 2015 Company Mission & Business Area
Investor Relations I September 2015 Company Mission & Business Area A Mobile Lifestyle Platform Daum Kakao provides mobile lifestyle services that make everyday connections boundless and better Our mission is to “Connect Everything” Connecting users, businesses, and more together on our platform in a way that touches every aspect of our lives Communication & Search & Media & Commerce & Taxi & Community Recommendation Content Games Fintech Others Media 2 Created Through the Merger of Leading Internet & Mobile Platforms Feb 1995 1999 2005 2009 2013 Established Daum Café Daum Blog Map. Mobile Global Utility Apps Daum “Tistory” Service “SolMail” Communications “SolCalendar” 1997 2000 2006 Jun 2015 Daum E-mail Daum Search Daum TV Kakao#Search Jan 2015 May 2015 “Hanmail” “TV Pot” KakaoChannel K Venture Group Path KakaoTV Mobile Lifestyle Platform Oct. 1, 2014 Merger between Daum and Kakao Nov 2014 Mar 2015 May 2015 BankWalletKakao KakaoTaxi LOC&ALL (KimGiSa) Mar 2010 Mar 2012 Aug 2014 KakaoTalk KakaoStory YellowID Dec 2006 Sep 2010 Jul 2012 Sep 2014 Established Changed company KakaoGames KakaoPay IWILAB Name to Kakao 3 Diversified Platform Leveraging Content, Social Graph and User Traffic Daum Kakao’s Assets and Expertise Diverse Platforms Leading to Growth and Monetization #1 Communications Kakao Kakao Kakao Contents & Community Talk Story Hello #2 Advertising Kakao Platform Daum Story YellowID #3 Assets Recommendation Daum Kakao(#) KakaoTalk & Search Search Search Channel Social by advertising monetizing Traffic Graph User &engagementand base growth #4 Media & Content Daum Media KakaoTV KakaoPage n Contents: 14 years of accumulated contents of Daum #5 Search and continued creation of contents by Kakao Games Kakao Kakao Daum platforms including KakaoStory, Brunch, Plain, etc. -
Internet/Game/Advertising Market Changes Spurring Shifts in Business Strategy
2018 Outlook Internet/Game/Advertising Market changes spurring shifts in business strategy Jee-hyun Moon +822-3774-1640 [email protected] Analysts who prepared this report are registered as research analysts in Korea but not in any other jurisdiction, including the U.S. PLEASE SEE ANALYST CERTIFICATIONS AND IMPORTANT DISCLOSURES & DISCLAIMERS IN APPENDIX 1 AT THE END OF REPORT. Contents [Summary] 3 I. 2017 review 4 II. 2018 outlook 7 III. [Internet] Commerce, voice interface, cloud 12 - NAVER, Kakao, NHN Entertainment, Interpark IV. [Game] Overseas revenue growth, new titles 101 - NCsoft, Netmarble Games, Com2uS, Pearl Abyss, Webzen V. [Advertising] Inorganic growth, stable affiliate billings 144 - Cheil Worldwide, INNOCEAN Worldwide, Nasmedia [Conclusion] 162 [Summary] Shifts in business strategy coming into focus Market changes call for strategic shifts; Only those that are able to adapt and create new markets will survive Shifts in strategy [Internet] Online commerce [Game] New titles based on existing intellectual [Advertising] Strengthening ties property (IP), global expansion with affiliates, M&As Source: Mirae Asset Daewoo Research Source: Mirae Asset Daewoo Research 3 | 2018 Outlook [Internet/Game/Advertising] Mirae Asset Daewoo Research I. 2017 review In 2017, game stocks and • In 2017, game stocks and Kakao delivered robust share performances among internet/game/advertising plays. Kakao delivered robust • Kakao: Recovery in ad revenue and expectations for expansion in the value of subsidiaries share performances • Game: -
June 2019 | Investor Relations Disclaimer
June 2019 | Investor Relations Disclaimer 2 Table of Contents Kakao Ecosystem 4 Kakao Business 12 Talk Biz 13 Mobility 16 Tech-Fin 17 Kakao Bank 18 Music 19 Game 20 Paid Content 21 Kakao M 22 Kakao Friends 23 Financial Overview 24 3 Kakao ecosystem Kakao business Financial overview 4 Vision “Connect Everything” Innovating the way we connect for a better tomorrow History 2009 2013 2015 2015 2016 2016 2018 Kakao Kakao Kakao Sharp(#) Search Kakao Kakao Japan Merger w. LOEN Talk Page Taxi Talk Channel Navi Piccoma Kakao M Spin off Kakao TV 2006 2014 2016 2016 2017 2018 I.W.I LAB Kakao & Daum Kakao LOEN Kakao Pay Kakao Established Merger Bank Acquisition Kakao Mobility Commerce Established Spin off Split off 6 Undisputed Market Leader Most-used mobile messaging app globally Kakao Talk Monthly Active Users 44 Million MAU in Korea 97% Market Share 85% Population Penetration 44,076 43,526 43,577 43,662 43,812 43,044 43,201 42,431 42,746 #1 Brand Power Across 220 Industries in Korea Most Admired Workplace Among Top 100 Companies in Korea by Market Cap. 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 #1 Social Contribution Index Korea 42,746 43,044 43,201 43,526 43,577 43,662 43,812 44,076 Among the 57 Largest Conglomerate Global 49,468 49,844 49,709 50,348 50,113 50,187 50,219 50,547 Groups in Korea Average of monthly MAUs. Global includes domestic MAUs (000). 7 Kakao Ecosystem Interactive Business Platform Content Ecosystem & Global Expansion AI / Web Music / Advertising Commerce Mobility Tech-Fin Game IP Business Blockchain Literature Video Talk -
Kakao Corp. (035720 KS ) Focus on Value of Content and Fintech
Kakao Corp. (035720 KS ) Focus on value of content and fintech Internet 2Q18 review: Revenue and OP in line with consensus Results Comment Kakao reported 2Q18 earnings results that were broadly in line with consensus expectations. August 10, 2018 Positives: Consolidated revenue grew 26% YoY. In the content segment, PC game revenue roughly doubled YoY, boosted by the switch to paid services at PC cafes for PlayerUnknown's Battlegrounds . The company’s webtoon businesses, KakaoPage and Japan-based Piccoma, recorded robust growth of 55% and 254% YoY, respectively. Commerce revenue also (Upgrade) Buy expanded 52% YoY. Labor and marketing expenses were lower than expected. Negatives: Ad revenue grew 10% YoY, slower than the rate in 1Q18. In the content Target Price (12M, W) ▲ 150,000 segment, mobile game revenue was weaker than anticipated. Operating profit slumped 38% YoY, as operating expenses surged 32% YoY, outpacing revenue growth. In particular, Share Price (08/09/18, W) 125,500 content commissions as a percentage of content revenue was higher than expected. Expected Return 20% Value of content business to come into focus in near term Games: Kakao Games is preparing to go public on KOSDAQ by the end of the year. We forecast Kakao’s consolidated game revenue to reach W457bn in 2018 and W514bn in 2019. OP (18F, Wbn) 102 Based on the proposed IPO price range, Kakao Games’ market value is expected to range Consensus OP (18F, Wbn) 120 between W1.2tr and W1.9tr. Key drivers of revenue growth this year are: 1) the launch of EPS Growth (18F, %) -22.4 paid services for the PC game PlayerUnknown's Battlegrounds ; and 2) a greater number o f Market EPS Growth (18F, %) 10.1 mobile title releases. -
November 2016 | Investor Relations Table of Contents
Kakao November 2016 | Investor Relations Table of Contents 1. Business Area 2. Revenue at a Glance 3. Kakao Talk 4. Advertising 5. Content 6. O2O 7. Commerce 8. Fintech [Appendix] 3Q 2016 Earnings Results 1 Business Area Business Media Content O2O Daum Portal Talk Channel Kakao Story Kakao Game MelOn Kakao Page Kakao Taxi Kakao Navi Kakao Driver Search Technologies KakaoPay AI / NLP / voice Infrastructure Data Business 2 Revenue at a Glance Portals Daum PC Daum Mobile Advertising Content Others A D V 391,391 Plus Friends/Yellow ID Talk Reward E Messenger (KRW mn) R Brand Emoticon Friend Talk Talk PC T 17% I SNS Kakao Story S I Shopping Kakao Style N G Video Kakao TV C Game Kakao Game Kakao Games O 229,580 Music Melon Kakao Music 221,803 51% N 2% 6% T Webtoon E PodoTree Kakao Page Daum Webtoon Start consolidating Webnovel 33% 30% Loen Entertainment N from 2Q 2016 T Emoticon Talk B2C Emoticon Talk Gift Shop Kakao Friends Commerce O Makers with Kakao Kakao Farmer T Kakao Taxi Black Kakao Driver H O2O 65% 64% Kakao Hairshop 32% E R Fintech Kakao Pay S Misc. Notification Talk Loen (production, etc.) 3Q14 3Q15 3Q16 3 Kakao Talk • Continue to grow Kakao Talk domestic active users: 427K QoQ • Reinforce user’s content consumption habit by introducing content feed(Talk Channel) and search function (# Search) on Kakao Talk Monthy Active Users Talk Channel #(Sharp) Search 26mn MAUs 10mn MAUs 41,915 41,488 (Thousand Users) 41,174 40,055 39,209 38,660 38,158 37,417 37,212 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 Korea 37,212 37,417 38,158 38,660 39,209 40,055 41,174 41,488 41,915 Global 48,411 48,254 48,207 48,073 48,464 48,321 49,318 49,100 49,189 Average of monthly MAUs. -
February 2021 | Kakao Investor Relations Disclaimer
February 2021 | Kakao Investor Relations Disclaimer Financial information contained in this document is based on consolidated K-IFRS that have not been audited by an independent auditor. Therefore, the information and financial data of Kakao and its subsidiaries (the “Company”, or “Kakao”) contained in this document are subject to change upon an independent auditor’s audit. The Company does not make any representation or accept liability, as to the accuracy or completeness of the information contained in this material. The format and contents of this document are subject to change for future filings and reports. Kakao is not liable for providing future updates on all figures included in this document. Therefore, this presentation contained herein should not be utilized for any legal purposes in regards to investors’ investment results. The Company hereby expressly disclaims any and all liability for any loss or damage resulting from the investors’ reliance on the information contained herein. Copyright © Kakao Corp. Table of Contents Kakao Ecosystem 4 Kakao Business 11 Talk Biz - Ad 12 Talk Biz – Commerce 15 Mobility 16 Techfin(Pay) 17 Techfin(Bank) 18 B2B Business 19 Music 20 Game 21 Paid Content 22 IP Business(M) 23 Kakao Entertainment 24 Financial Overview 25 Kakao Ecosystem Kakao Business Financial Overview 4 Mission Making a Better World with People and Technology History ● Interactive Business Platform May 2019 Kakao 2014 Bizboard Kakao & Daum Merger 2010 2010 2014 2015 2017 2017 Sep. 2020 Kakao Kakao Kakao Kakao Kakao Carve- Kakao Talk Gift Pay Taxi Bank out Work 2006 KaKao (I.W.I LAB) Established 2018 2021 Kakao & LOEN Page & M 2016 2012 2012 2013 2016 Merger Sep.