Kakao Philippines Corporation

Kakao Philippines Corp. is a new company in the Philippines owned by Kakao Corp. and ABS-CBN. The company's main objective is the proliferation of its messaging service and launching new mobile services in the Philippines and SEA. Kakao Corp. is a Korean company valued at $7.5B and is a combined entity between Daum Communications and Kakao Corp. which are one of the largest content portal and mobile messaging service in Korea respectively.