Korea’s Kakao Teams Up With OpenAI To Develop AI Products
Billionaire Kim Beom-su ’s Kakao on Tuesday announced a partnership with OpenAI, including a deal to use the AI startup’s technology to power the South Korean internet giant’s new personalized AI tool and to co-develop new products tailored to Korean users.
Korea Investment & Securities has raised its target price for Naver by 8.3 percent, from 240,000 won to 260,000 won, and for Kakao by 8.9 percent, from 46,000 won to 49,000 won.
The W2.55trn (US$2.15bn) IPO of Kakao Bank, South Korea’s largest digital-only lender, passed tough regulatory scrutiny and set a positive tone in a record year for the country’s IPO market.
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