News Snapshot:
Kakao just behind rival Naver in market cap, may overtake soon Both companies have further growth potential over the long term, analysts say By KakaoBank’s skyrocketing valuation fuels debate on financial reform Kakao has become a household name, with its operations spanning various sectors, including digital content, mobility, games and fintech. South Korean mobile platform giant Kakao Corp.’s enterprise value is rising backed by its strong business performance, threatening to overtake its bigger crosstown rival Naver Corp. in terms of market capitalization.The market value difference between the two companies has significantly narrowed to 3.26 trillion won ($2.9 billion) from 13...
