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Kakao Reports Q2 2017 Earnings Results Company records secondquarter revenue ofKRW 468.4 billion and operating profit of KRW 44.6 billion- Ad revenue reboundsto2014 levels andan enhanced ad system is expected to launch in the second half- Content revenue continues to rise with mobile gameOnmyojifor Kakaohitting one million downloads in just five days- AI platform Kakao i will connect with Kakao Talk and other life services, with a number of outside partnerships also in the works[Seoul, South Korea – Aug. 10, 2017]Kakao Corp. (KRX035720, CEO Ji-Hoon Rim) today reported second quarter 2017 financial results under Korean-IFRS. Kakao’s consolidated revenue for the quarter was KRW468.4billion with an operating income of KRW44.6billion.Kakao’s second quarter revenue increased 24% YoY and 6% QoQ.Revenue from advertisingplatform grew 14% QoQ to KRW 151.4 billion. Despite the voluntary removal of inefficient ad products totaling approximately KRW 11 billion, overall rebound of themobilead market and seasonal issues, including the presidential election, resulted in a YoY growth of 11%.The figure rises to 26% when disregarding the voluntary removal of ad products.Kakao’s content-related revenue of KRW 236.3 billion represented a growth of 7% QoQ and 24% YoY. MelOn continues to acquire new subscribers at impressive pace,and the music content business as a wholerecorded second quarter revenue of KRW 117.1 billion, increasing 6% QoQ and 29% YoY. Game revenue maintained last year’s figures at KRW 78.7 billion despite intense competition in the domestic market,in part due to greater focus on mobile game publishing. With continued strong performance from Kakao Page and Kakao Talk Emoticons, other content revenue grew 30% QoQ and 88% YoY to KRW 40.5 billion.Commerce businesses, including Kakao Talk Gift Shop and Kakao Friends, as well as Kakao’s growing Mobility services, contributed to revenue of KRW 80.8 billion in theOthercategory, which represents a 62% increase YoY and 9% decrease QoQ.Fees related to Kakao’s various content services and broadcasting rights for the Korean Baseball Organization, plus marketing costs related to Kakao Page and key Kakao Game titles resulted in total operating cost of KRW 423.8 billionIn total, Kakao’s second quarterconsolidatedoperating income of KRW 44.6 billion represents a QoQ increase of 16% and YoY growth of 68%, with a profit margin of9.5%. Net income decreased KRW 42 billion QoQ and KRW 700 million YoY to KRW 12.5 billion with a profit margin of 2.7%.For the second half of 2017, Kakao is expected to reap significant results from key business areas the company has been focusing on for the last two years.Kakao’s comprehensive AI platform, Kakao i, will be connected with popular life services such as Kakao Talk, Daum, MelOn and Kakao Navi to offer new value to users. The company’s smart speaker Kakao Mini will launch soon, and as with the recently announced partnership with Hyundai/Kia’s Genesis G70, Kakao is in active discussion with a number of potential partners in order to make the Kakao i platform and related services widely available.Partners will be able to select and utilize Kakao i’s core technologies, which include engines for speech (speech recognition/synthesis), visual (visual/object recognition), conversational (natural languageprocessing) and recommendation (big data/machine learning-based), depending on their particular needs, and users will be able to recognize such products and services via the ‘Kakao i Inside” authentication logo.Kakao Talk’s evolution into an all-in-one business platform continues as well. Kakao Talk Store,anew service that allows for effortless buying and selling via the Plus Friend platform, is currently in the beta testing phase witha number ofkey partners. Kakao Talk Order and Kakao Talk Mart, both launched in the first half of 2017, are receivingpositivereviews from users for their easy sign-up process. A reservation service that offers similar convenience is expected to launch within the year.A new advertising system is being fine-tuned with the help of more than 10 major brands and is expected to launch in the second half of 2017.Onmyojifor Kakao,a self-published mobile game that launched on August 1st, surpassedone milliondownloads in just five days and isamong the top grossing gamesin major app stores.(END) 2017.08.10
Kakao and Hyundai/Kia to Co-operate on Server-based Speech Recognition Technology for Drivers [Seoul, South Korea – July 24, 2017]Kakao (CEO Rim Ji-Hoon) announced plans to co-operate with Hyundai Motor Co. and Kia Motors Corp. (Hyundai/Kia) to implement server-based speech recognition technology in automobiles utilizing Kakao’s artificial intelligence (AI) platform, Kakao I. The implementation is expected to begin in September of this year with the Genesis G70 model.Kakao I is a comprehensive AI platform combining Kakao’s key AI technologies involving multimedia and language, including speech and image recognition, text-to-speech, natural language processing, image recognition and chatbots. Kakao plans to grow the platform by connecting it with in-house services and opening it up to various outside partners. All products and services utilizing Kakao I will be authenticated with a “Kakao I Inside” logo.Theserver-based speech recognition technologyco-developed with Hyundai/Kia is the first outside service to incorporate Kakao I. The ‘One Shot’ process allows drivers to voice search for various destinations, including restaurants, landsmarks, service stations, and more, with just a single step.After pressing the voice search button on the steering wheel, drivers can see accurate navigation information by simply stating the command word and destination. The system supports a large variety of search and filtering functionality, including addresses, businesses in specific neighborhoods, and others.Once the driver’s search word is registered, it is processed through Kakao’s speech recognition servers. From there, the relevant navigation information is delivered to Kakao Map servers, then transferred into Point of Interest (POI) data on the car’s navigation system.Kakao and Hyundai/Kia have been co-developing the technology after signing an MOU last year, and plan to continue the partnership on AI technology, as well as commercialization of connected cars.Since launching a voice search feature for Daum Mobile app in 2010, Kakao has continued to advance the technology. It currently provides a wide variety ofspeech recognitionand speech synthesis functions through Daum Mobile, Daum/Kakao Map, Kakao Navi, Kakao Taxi, Kakao TV and other services.(END) 2017.07.24

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