South Korea’s mobile content platform provider Kakao Page Corp and its entertainment affiliate Kakao M Corp have announced they will merge into a giant entity, called Kakao Entertainment, to create a digital entertainment powerhouse and gear up for global expansion, including the launch of a digital comic-reading platform in Thailand in the first half.
Kakao Page provides a value chain to produce original content as well as a global platform network, while Kakao M provides expertise in creating music, TV series, films and performances as well as a portfolio of South Korea’s top creative talent.
Both companies are under Kakao Corp, the technology conglomerate behind South Korea’s major messaging app Kakao Talk. The merger is expected to be completed on March 1.
According to Kakao Page’s statement, the merger would create a new firm that generates over 1 trillion…
