Kakao Corp News

It follows a history of crypto projects from Kakao, including its Ground X blockchain subsidiary, which won the South Korean Central Banks’ CBDC tender last year.

South Korean blockchain platform Klaytn may see its domestic dominance dwindle if it cannot keep pace with competitors such as Polygon.

Kakao wants to keep up with the enterprise blockchain competition in Asia as it eyes expansion to Singapore.

The Bank of Korea plans to select an operator to run a blockchain-based CBDC pilot next month that will test a digital won in various use cases.

A private version of Klaytn is being developed in order to take part in South Korea's CBDC pilot to be launched later this year.

Analysts in South Korea are predicting a significant share price increase for Kakao amid the current Bitcoin bull market.

The boost may come down to the popularity of one specific token.

The race for blockchain adoption is on in South Korea.

Kakao’s KLAY token is now trading with a South Korea won pairing despite the country’s restrictions on ICOs.

The 100k user milestone represents 2% of Kakao’s current user base in South Korea.