Kakao gearing up for the August debut of its new subscription-based content platform

The Korea Herald, Aju Business Daily

Photo by: Kakao/Facebook

Kakao is reportedly launching its newest subscription-based content platform. The company is said to be bringing out the platform in August and currently, it is being tested.

What the Kakao’s new content platform is about

As per The Korea Herald, Kakao said on Thursday, June 17, that it is running a closed beta test of the still-unnamed platform and its content partners are taking part in the test run. While it does not have an official name yet, it was revealed that once it is active, users can do a lot on the site such as create, edit and publish the content in different formats including music, texts, videos and news.

Content creators or users of the platform also have the option to pick the content they want and subscribe to it through KakaoTalk. It will also be easy to link the content created to other Kakao services like Content View, Daum News, KakaoTV, Tistory and Brunch.

Users can use the platform for free but later on, Kakao will introduce paid services as well as advertisements. This means that to avail of types of services, there will be subscription plans after the launch.

“Unlike other feed-style platforms, Kakao will introduce a new way of creating and supplying content,” Kakao co-CEO, Joh Su Yong, said last year. “Anyone can be content creators and curators through our platform.”

Kakao’s grocery subscription service

Meanwhile, the platform is not the only subscription service that Kakao is launching. Aju Business Daily reported that the company also released a grocery subscription service through KakaoTalk, the leading messenger app in South Korea.

This will provide convenience to users as they can subscribe to various services ranging from everyday essentials to lifestyle services. Customers can choose to avail of Kakao’s subscription services including laundry pick-up, grocery delivery, reservations for travel needs and many more. The company is targeting to gather 46 million active users.

“We have developed this service as a medium that will not only have customers buy and own products but also vibrantly change our customers' everyday lives,” an official from Kakao said.

Finally, it should be noted that there is no need to install a separate app because users can use this subscription service just by using their existing Kakao Talk app.

News Related


Tencent shares dive after Chinese media brand online games ‘spiritual opium'

FILE PHOTO: Visitors are seen at the Tencent Games booth during the China Digital Entertainment Expo and Conference, also known as ChinaJoy, in Shanghai, China, July 30, 2021. (Reuters) Tencent ... Read more »

Auto giant Stellantis posts strong profit in inaugural first half

Stellantis chief executive Carlos Tavares hailed the new company’s first half earnings as “very strong”. PARIS – US-European auto giant Stellantis, formed by Peugeot and Fiat Chrysler, posted a sizeable ... Read more »

Why China is unlikely to cut interest rates despite economic headwinds

With China’s economy losing steam since the second quarter of this year, there is market speculation that the central bank would cut the policy rate, i.e. the loan prime rate, ... Read more »

Korea's Netmarble buys SpinX casino game company for $2.1 billion

Photo by: Netmarble/Facebook Netmarble Corp., South Korea’s largest mobile gaming company, revealed its plan to buy SpinX Games, a Hong Kong-based casino game firm. It was shared that the acquisition ... Read more »

What is the Cheapest Way to Move Long Distance?

Moving away from your home can be stressful, but it doesn’t have to be! By cutting costs and saving money, you can focus on making your new place feel like ... Read more »

Three insurers turn down millions in claims from flood damaged businesses

Three major insurers have turned down claims from businesses who lost millions of euros in last month’s major flooding in Limburg. The three companies – Lloyds, Chubb and VLC – ... Read more »

Rabobank comes with compensation for customers who paid too high interest

Rabobank plans to financially compensate customers who have paid too high an interest rate on their revolving credit facilities. In the coming months, the bank will find out which consumers ... Read more »

Qantas idles 2,500 more staff as Covid-19 cuts domestic flights

The affected domestic employees will receive government-backed support payments of A$750 (S$747) a week. (REUTERS) – Qantas Airways is temporarily idling about 2,500 employees without pay for at least two ... Read more »

Evergrande cut by Moody's, faces another asset freeze petition

Moody’s Investors Service lowered the credit grade on China’s most indebted developer by two notches to Caa1 with a negative outlook. HONG KONG (BLOOMBERG) – China Evergrande Group’s woes deepened ... Read more »

Weekly Money FM Podcasts: Who benefits from CPF shielding?

In one of Money FM 89.3’s featured podcasts this week, Christopher Tan, Founder & CEO, Providend, discusses CPF shielding, the risks, and the considerations involved. Weekly Money FM Podcasts (Aug ... Read more »

Apple beats Saudi Aramco to become the world's most profitable company

Photo by: Laurenz Heymann/Unsplash Apple recorded an increase in its total profit, and with this, it has become the most profitable company in the world. Based on Fortune Global 500 ... Read more »

DSM loses on red stock exchange | Financial

After ten minutes of trading, the AEX is 0.5% lower at 754.6 points, after tightening its closing record on Monday. The AMX falls 0.2% to 1056.1 points. Most other European ... Read more »

Rabobank compensates customers who paid too much variable interest

Rabobank is introducing a compensation scheme for people who have paid too much variable interest for their consumer credit. 150,000 customers will receive compensation, a spokesperson said. Products that fall ... Read more »

‘Asia gives Damrak lower opening' | Financial

Based on the opening indicators, the AEX index on Beursplein 5 is heading for a slightly lower start to the new trading day. Elsewhere in Europe, the markets also seem ... Read more »

How to Use the Rule of 72

The Rule of 72 is a handy tool used in finance to estimate the number of years it would take to double a sum of money through interest payments, given ... Read more »

How to Use a Trailing Stop Loss

A trailing stop loss is a type of stock order. Using this order will trigger a sale of your investment in the event its price drops below a certain level. ... Read more »

Rabobank compensates customers who paid too much interest | Economy

Rabobank will compensate customers who have paid too much interest on their revolving credit. In the coming months, the bank will investigate which customers are affected and how they should ... Read more »

TasmaNet expands private cloud offering to Sydney

Hobart-based telco TasmaNet has launched its eastern seaboard cloud node in Sydney to expand its TasmaNet Core private cloud platform. TasmaNet’s platform is an Infrastructure-as-a-Service (IaaS) offering that the company ... Read more »

Advice: Union vote at Amazon distribution center must be over | Financial

During the Alabama election, which received a lot of attention worldwide because Amazon is in the news because of the poor working conditions in its distribution centers and in the ... Read more »

Synnex Australia adds Google Workplace integration to cloud marketplace

Synnex Australia has launched Google Workspaces’ API integration in its cloud marketplace, following the vendor’s recent local launch. The distributor said the integration would allow Google Cloud resellers to authorise ... Read more »

Google to ditch Qualcomm and make its own smartphone processor for Pixel 6

Photo by: Dylan Carr/Unsplash Google said on Monday, Aug. 2, that it will be creating its own processor for smartphones, and this will be called the Google Tensor. This will ... Read more »

BOI and Osaka's IBPC host an online roundtable discussion on Medical Device Industry

The Thailand Board of Investment (BOI)’s Industrial Linkage Development Division, together with the BOI Osaka Office and Osaka’s International Business Promotion Center (IBPC), on 6 July 2021 jointly hosted an ... Read more »

DSM raises expectations after good first half year | Financial

DSM’s sales reached €4.5 billion, €100 million more than analysts had expected and an increase of 10% compared to the first six months of 2020. Adjusted operating profit (EBITDA) grew ... Read more »

A few 'sightings' aside, Chinese tech billionaire Jack Ma hasn't been seen in nine months

Imagine if one of Australia’s top business figures – say, retail tycoon Gerry Harvey, mega developer Harry Triguboff or mining billionaire Andrew “Twiggy” Forrest – was summoned to Canberra to ... Read more »

Sensex reclaims 53,000 despite mixed cues from Asia, Wall Street tumbles on Covid fears while FTSE 100 ends higher

File image: Sensex closed at 52,950, up 0.7 per cent on.Monday (AFP via Getty Images) Indian stock market benchmarks opened higher on Tuesday despite poor cues from Asian and the ... Read more »

Royal Thai Embassy in Vienna and BOI Frankfurt lead Thai delegation to visit Vorarlberg

H.E. Ms. Morakot Sriswasdi, Ambassador of Thailand to Austria, and Miss Sanlaya Aksharamat, Director of the Thailand Board of Investment (BOI)’s Frankfurt Office led a Thai delegation to the Austrian ... Read more »

Generac recalls generators after grisly reports of finger amputations

Photo by: CPSC Website Generac Power Systems, the maker of portable generators, announced a recall for some of its models after receiving reports of accidents involving fingers being amputated after ... Read more »

How to Understand What Makes a Country Rich or Poor

School project? Or do you just want to increase your general knowledge? Whatever the reason, this article will help you to understand what makes a country rich or poor! Steps ... Read more »

BOI holds the 10th meeting of the Sub-Committee on the Enhancement of Business Environment under JTEPA

Ms. Duangjai Asawachintachit, Secretary General of the Thailand Board of Investment (BOI), on 16 July 2021 gave the opening remarks to the 10th meeting of the Sub-Committee on the Enhancement ... Read more »

How to Turn Stress Into Success

Many of us get stressed all the time, which may affect our career and our academical achievements. So What is the best way to turn this to a huge success?! ... Read more »

Standard Chartered second-quarter profit more than doubles, resumes interim dividend payout

Standard Chartered, one of Hong Kong’s three currency-issuing banks, said its profit more than doubled in the second quarter as it joined larger crosstown rival HSBC in restoring its interim ... Read more »

Will record-setting prices of car parking spaces on The Peak drive other owners to mark up their assets?

My daughter in Vancouver, Canada recently sent me a message about a parking space at Mount Nicholson, a luxury residential development on The Peak, when it made local headlines. The ... Read more »

China's gaming stocks plunge as state media again slams them as ‘spiritual opium,' including the wildly popular Honor of Kings

China’s gaming stocks slumped in early trading on Tuesday, as publishers and distributors were slammed by renewed denunciation by the state media on the sector. Tencent Holdings, the world’s largest ... Read more »

Ferrari boss has no fears over electric future

Ferrari Chairman John Elkann told analysts that the company saw the change in technology as an opportunity. MILAN (REUTERS) – Ferrari, the sports car maker synonymous with roaring petrol engines, ... Read more »

Priceless? Even Olympic medals can be had for the right price

Even though their sentimental value may be priceless to the athletes, Olympic medals are finding their way to pawnshops and auction blocks. (NYTIMES) – A silver medal in shooting from ... Read more »

SPH shares rise following $3.4 billion privatisation offer from Keppel

The offer, which values SPH at $3.4 billion, will see SPH delisted and become a wholly owned subsidiary of Keppel. SINGAPORE – Shares of Singapore Press Holdings (SPH) and Keppel ... Read more »

China's dimming economic prospects suggest further monetary easing ‘increasingly likely'

Listening to the chatter among China traders, the central bank is moving ever closer to another round of easing. Investors are boosting wagers on lower borrowing costs in both the ... Read more »

Microsoft web servers targeted by hacker ‘Praying Mantis'

A new threat actor is targeting Microsoft Windows web servers, suggesting that users should patch .NET deserialisation vulnerabilities and look for suspicious activity on web-facing Microsoft Internet Information Services servers, ... Read more »

Rise of the Chromebooks continues: IDC, Canalys

The market for tablets and Chromebooks is continuing the trend of year over year growth this quarter, with Chromebooks continuing to display massive numbers, according to data from Canalys and ... Read more »

How to Transfer Property After the Death of a Parent

The death of a parent can be a traumatic and difficult time. However, if they left you some of their property, you may need to go to court to get ... Read more »