Description: On KakaoTalk, South Korea’s number one mobile-messaging service, users spend hours crushing candy on popular games, sharing photos and videos with friends, and sending cute emoticons and digital stickers. That’s all thanks to Kakao Corp. cofounder and chairman, “Brian” Kim Bum-Soo, who launched the service in 2010 and ever since has been perfecting a mobile universe inhabited by 93% of domestic smartphone users–or nearly 75% of the country’s 50 million people. KakaoTalk has now made Kim a billionaire.
Date: Sep 24, 2014
Questions for Discussions:
- Summarize the sources of cash flow for the firm.
- What are some new sources that could contribute to growth?
- Would you be an investor?