ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Technology

South Korea's Kakao swings to 2020 profit on strong e-commerce

Company aims for growth as chairman vows to donate half his wealth

Kakao, South Korea's second-largest internet company, posted a full-year net profit of 167.1 billion won ($149.8 million), reversing a net loss of 341.9 billion won in 2019. (Photo by Yuki Kohara) 

SEOUL -- Kakao, South Korea's second-largest internet company, is aiming for further growth this year after swinging to a profit in 2020, thanks to strong growth in its e-commerce and online game businesses amid the pandemic.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more