Daum Kakao as mobile lifestyle platform

MANILA, Philippines - Daum Kakao has finalized the merger of Daum Communications Corporation and Kakao Corporation to form a new company aimed at becoming a “mobile lifestyle platform”.

Daum Kakao announced that it has successfully completed the merger of Daum and Kakao, which was first announced in May 2014. In just four months, the two companies have successfully integrated – culturally, organizationally and legally – based on the shared philosophies of open communication and horizontal structure.

Post-merger, Daum Kakao will develop into a mobile lifestyle platform company with excellence in content and technology, experience and expertise in service and business development, combined with powerful competency in creating mobile platforms. By organically weaving the two companies’ strengths in both the web and mobile sectors, Daum Kakao will be able to swiftly respond to market evolution and maintain a competitive edge both locally and globally.

Daum Kakao will be led by two co-CEOs, Saehoon Choi, CEO of Daum and Sirgoo Lee, co-CEO of Kakao. The decision was based upon the assessment that the two leaders, who have successfully led the merger for the past four months, were best suited to yield maximum synergy between the two companies.

Saehoon Choi, co-CEO of Daum Kakao said, “Building on the experience Daum Kakao has in spearheading advancements in the web and mobile realms, we plan to take a meaningful leap, along with our partners, into what lies ahead by strategically responding to the needs of future generations. We hope that the innovation we create together will provide significant value to the lives of our users.”

Sirgoo Lee, co-CEO of Daum Kakao commented, “A large number of people, information, things, processes and more in this world still remain isolated. In this world of connections that we anticipate, we will seek to create new ways of communication that encompass new aspects of interpersonal and object-oriented communication, creating a new era in the way we connect.”

The company has defined four types of connections to tackle; people to people, people to information, online to offline and people to things. Focusing on these forms of connections, Daum Kakao plans to create an environment of real-time interconnectivity by leveraging the overwhelming user traffic and combined experience of bringing innovations to the world. Daum Kakao believes this is what will present new experience and value to the users.

In addition, Daum Kakao also revealed its ambition to create a mobile ecosystem where Daum Kakao grows along with its partners. It is through this symbiotic platform that it plans to generate additional opportunities that offer convenience and shared value to users and third parties alike.