Naver and Kakao are the two biggest tech companies in South Korea. Naver was born in 1999, and it is a startup that successfully transitioned to one of the top companies in Korea in terms of market cap after IPO-ing in 2002. Today, Naver is ranked #9 in KOSPI (the S&P 500 equivalent). Kakao started as a small startup in 2010 with a messenger app called KakaoTalk (which still has a dominant 95% service usage time in the Korean market as of December 2021) and expanded to different business verticals as years passed. In 2014, it merged with Naver’s direct competitor in the search and web portal segment called Daum. Today, Kakao is ranked #14 in KOSPI in terms of market cap.
00:00 Intro
00:27 Diving Into South Korea's Big Tech: Naver and Kakao
01:18 Exploring Kakao's Evolution and M&A Activities
03:01 Unpacking Kakao's Business Ecosystems and Key Takeaways
03:30 The Super App Phenomenon: A Deep Dive
05:41 KakaoTalk's Unique Features and User Experience
15:34 SMB Services and the Power of KakaoTalk for Businesses
19:34 Kakao's Strategic Goals and Advertisement Insights
26:13 The Commerce Revolution: Kakao's Approach
35:48 Mobility Innovations: Kakao's Comprehensive Solutions
42:36 New Initiatives: Kakao's Future Directions
42:52 Exploring Kakao's Healthcare and Core Business Strategy
43:29 The Power of Proprietary Data in LLMs and the Rise of Super Apps
45:34 Kakao's Diverse Ecosystem: From Healthcare to FinTech
46:52 Deep Dive into Kakao Pay: Transforming Financial Transactions
52:01 Kakao's Gaming Ventures: A Strategic Overview
53:15 Kakao Entertainment: Merging Technology with Creative Content
55:10 The Influence of K-Pop and SM Entertainment's Role
58:58 Content and Platform: Kakao's Revenue Growth Strategy
01:03:01 Introducing Naver: Korea's Internet Giant
01:04:43 Naver's Strategic Segments: From Search to FinTech
01:16:02 Naver's Content Business: Webtoons and Beyond
01:26:13 Exploring Naver's Cloud Services and Global Expansion
01:29:06 Analyzing Naver's Financial Performance and Future ProspectsReferenced in the show:
https://t1.kakaocdn.net/kakaocorp/admin/ir/results-announcement/5538.pdf
https://www.navercorp.com/api/article/download/369952da-188a-43e3-b22f-bcba067a932b