Kakao Games Corp

Kakao Games Corp. operates mobile and PC online game service platforms for gamers worldwide. It develops and publishes games across genres and platforms, including PC, mobile, and VR. Its services include mobile game offerings such as Kakao and Snack Game, the mobile game channel Play by Star, and the Cacao Game Shop, as well as PC online services comprising a PC/online game portal and Cacao Games PC rooms. The company was incorporated in 2013 and is based in Seongnam-si, South Korea.

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Kakao Games Q2 Net Loss Widens to KRW 49.03 Billion

Kakao Games Corp. reported a widened net loss of KRW 49.03 billion for the second quarter, compared with a loss of KRW 26.12 billion a year earlier. Operating loss expanded to KRW 23.03 billion from KRW 8.62 billion, while sales fell to KRW 75.02 billion from KRW 115.81 billion. Shares of the South Korean video game publisher and developer fell 6.36% to KRW 7,810 on the Kosdaq Stock Exchange.

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