SEOUL -- South Korea's SK Telecom and compatriot Kakao signed a 300 billion won ($257 million) share swap agreement on Monday to strengthen their cooperation in e-commerce, digital content and communications technology.
Business deals
Chat app Kakao in $260m share swap with South Korea telecom
Deal with SK Telecom aimed at boosting users and collaborating on new tech
Kakao, which runs South Korea's most popular chat app, KakaoTalk, has agreed to take a 1.6% stake in SK Telecom. (Photo by Ken Kobayashi)
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