South Korean firms Kakao and Daum have finalized their merger aiming to become a ?mobile lifestyle? company. The new company, Daum Kakao, was officially launched in Seoul.
According to the new firm, the merger was announced in May 2014 and in four months the two companies have successfully integrated ? culturally, organizationally and legally ? based on the shared philosophies of open communication and horizontal structure.
Daum Kakao will develop into a mobile lifestyle platform company focusing on content and technology, experience and expertise in service and business development, and competency in creating mobile platforms, the new company added.
Daum Kakao also announced its new mission statement and corporate logo and its vision of ?Connect Everything.?
The new companies will be led by two co-CEOS, Saehoon Choi and Sirgoo Lee.
Saehoon Choi, co-CEO of Daum Kakao said, ?Building on the experience Daum Kakao has in spearheading advancements in the web and mobile realms, we plan to take a meaningful leap, along with our partners, into what lies ahead by strategically responding to the needs of future generations. We hope that the innovation we create together will provide significant value to the lives of our users.?
Sirgoo Lee, co-CEO of Daum Kakao commented, ?A large number of people, information, things, processes and more in this world still remain isolated. In this world of connections that we anticipate, we will seek to create new ways of communication that encompass new aspects of interpersonal and object-oriented communication, creating a new era in the way we connect.?
In addition, Daum Kakao also revealed its ambition to create a mobile ecosystem where Daum Kakao grows along with its partners. It is through this symbiotic platform that it plans to generate additional opportunities that offer convenience and shared value to users and third parties alike.