Kakao Talk founder and Chairman Brian Kim speaks during a press conference in Seoul, South Korea, Tuesday, Nov. 20, 2012.—AP Photo

SEOUL: Kakao Talk, a popular mobile messenger in South Korea, will launch an online music and electronic book shop next year as it continues to grow beyond its original mission to provide a simple messaging service.    

The shop named ''Kakao Page'' will provide publishing tools for artists, writers, musicians and other creative types to sell and market their songs, music videos and electronic books to Kakao Talk users, which number 66 million, CEO Sirgoo Lee said Tuesday.

Kakao Inc. has built on the success of its mobile messaging service, which was launched in March 2010, to expand into online games, advertising and other forms of electronic commerce.

The company has lost money since being founded in late 2006 but expects to make a profit this year.

The company plans to take a 20 per cent cut from Kakao Page sales after giving 30 per cent to application store operators like Google or Apple and 50 per cent to the content creator.

When launched next year, Kakao Page will be available only in South Korea where roughly half of its users are based, Lee said.

Kakao has been trying to increase its overseas Kakao Talk users by partnering with companies in other markets. Last month, Kakao sold a 50 per cent stake in Kakao Japan to Yahoo! Japan, hoping to achieve more growth in Asia's second-largest economy where rival Line messenger by NHN Japan has been expanding rapidly.

In the US, it hopes to partner with Internet giants such as Google and Facebook to reach US smartphone users, its founder and chairman Brian Kim said.

''We are looking for partners in the US,'' he said. ''Google would be nice and Facebook will be nice as well.''

Kim, a respected entrepreneur in South Korea, was formerly a CEO of South Korean Internet giant NHN Corp.

Others suggest a partnership with a game publisher or a mobile carrier could boost Kakao's overseas ambitions.

''The key for Kakao will be to find a company with a large existing user base and strong brand awareness in the US market. Such a partner is most likely to come from the digital game industry or among the country's mobile network operators,'' Mark Ranson, an analyst at research firm Ovum.

In South Korea where ''Ka Talk'' has entered the local lexicon to describe a mobile chat, Kakao operates a popular photo-sharing tool akin to Instagram and a mobile commerce shop to send digital coupons to friends.

Its biggest move so far was opening a mobile game store in July.

Kakao Talk helped three mobile games gather more than 10 million users in about one month.

Opinion

Editorial

Hasty transition
Updated 05 May, 2024

Hasty transition

Ostensibly, the aim is to exert greater control over social media and to gain more power to crack down on activists, dissidents and journalists.
One small step…
05 May, 2024

One small step…

THERE is some good news for the nation from the heavens above. On Friday, Pakistan managed to dispatch a lunar...
Not out of the woods
05 May, 2024

Not out of the woods

PAKISTAN’S economic vitals might be showing some signs of improvement, but the country is not yet out of danger....
Rigging claims
Updated 04 May, 2024

Rigging claims

The PTI’s allegations are not new; most elections in Pakistan have been controversial, and it is almost a given that results will be challenged by the losing side.
Gaza’s wasteland
04 May, 2024

Gaza’s wasteland

SINCE the start of hostilities on Oct 7, Israel has put in ceaseless efforts to depopulate Gaza, and make the Strip...
Housing scams
04 May, 2024

Housing scams

THE story of illegal housing schemes in Punjab is the story of greed, corruption and plunder. Major players in these...