Kakao now Korea's third most valuable firm

 

As reported by Yonhap, Kakao recently surpassed Naver to become Korea's third most valuable firm.(Click on the graphic showing Kakao's headquarters in Jeju for a full size version) As reported by Yonhap, "Kakao Corp. has an insatiable appetite for platform businesses, spanning messenger, e-commerce, mobility, content and finance, and now it has earned another title: South Korea's third-most valuable company."  As of June 15, "Kakao's shares rose 1.4 percent to close at a record high of 144,500 won (US$129) on Tuesday, extending its winning streak to a seventh day. Its market capitalization stood at 64.1 trillion won, taking the No. 3 spot following two chip giants -- Samsung Electronics Co. and SK hynix Inc."  Furthermore, "While the nation's top two platform operators were once content to stay in their own competitive fields -- Naver in portal and Kakao in messenger -- they are now competing on multiple fronts, including e-commerce, mobile payment, content and finance."