South Korean internet giant Kakao, which owns the popular messaging app Kakao Talk, is reportedly moving to integrate blockchain technology in its business.
Local news source The Bell reported Monday that Kakao is considering the launch of a wholly-owned subsidiary that will focus on developing blockchain applications.
Furthermore, the firm may be planning an initial coin offering (ICO). If so, the move echoes that of Telegram, another instant messenger company that claims to have netted $850 million so far through its multi-stage ICO.
https://www.coindesk.com/korean-messaging-giant-kakao-to-launch-blockchain-subsidiary/
