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.

KLAY's market cap is roughly 70% below its all-time high, but the network's TVL and DApp data hint that the service-oriented blockchain might bounce from its lows.

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.

The CEO of Kakao said that the Klaytn blockchain developed by its subsidiary Ground X is similar in operation to Facebook’s Libra network but more advanced.

Cryptocurrency exchange Binance is joining the governance council of Klaytn, a blockchain project led by South Korean internet giant Kakao.

Klay, the cryptocurrency of South Korean social messaging platform giant Kakao, will be listed on Upbit Indonesia tomorrow.

A special edition of the new Galaxy Note 10 for the South Korean market will reward users with free KLAY tokens.