Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
China’s Small Bank Consolidation Struggles as Profits Fall and Risks Persist 
Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges 
SoftBank Eyes Switch Inc as It Pushes Deeper Into AI Data Center Expansion 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
United Airlines Flight to Tokyo Returns to Dulles After Engine Failure During Takeoff 
Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals 
Coca-Cola’s Proposed Sale of Costa Coffee Faces Uncertainty Amid Price Dispute 
U.S. Dollar Slides for Third Straight Week as Rate Cut Expectations Boost Euro and Pound 
Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook 
Coca-Cola’s Costa Coffee Sale Faces Uncertainty as Talks With TDR Capital Hit Snag 
ANZ Faces Legal Battle as Former CEO Shayne Elliott Sues Over A$13.5 Million Bonus Dispute 
Japan Business Sentiment Hits Four-Year High, Boosting Expectations of BOJ Rate Hike 
Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures 
CMOC to Acquire Equinox Gold’s Brazilian Mines in $1 Billion Deal to Expand Precious Metals Portfolio 
Kakao has entered the digital healthcare business, and this will surely expand its rivalry with Naver Corp. that is already operating its medical service business. The company recently formed a team that includes medical specialists for its new health division.
Kakao also intends to explore business opportunities in the international scene and offer medical care services boosted by South Korea’s expertise in information technology. The internet company revealed its plans to launch its own digital healthcare division late last week.
According to Pulse News, the new business is set to be formally unveiled on Monday, Dec. 6. Kakao appointed Hwang Hee, a professor at Seoul National University Bundang Hospital who specializes in pediatric neurology, to lead the newly-formed healthcare team.
Prior to this post, Hwang also worked for ezCaretech Co., a health record company, as executive vice president. This company has been selected by the U.S. Healthcare Information and Management Systems Society as one of the 50 innovation leaders in 2019.
Kakao said that its new digital healthcare unit would be a separate business. It will operate as an independent company so it can grow faster. The new firm will have its own team for investments and business development for expansions.
The Jeju-si headquartered firm will offer healthcare solutions supported by Kakao’s know-how in various areas such as taxi-hailing, mobile banking, and instant messaging app. It was mentioned that the health care division will mainly target foreign markets with digital healthcare solutions.
At any rate, with Kakao getting into the health care biz, it has expanded its rivalry with Naver since it is also operating this line of digital health care service. The Korea Economic Daily noted that Kakao and Naver’s competitiveness has gotten more intense, but it is yet to see how the former will fare in this sector since it is just starting out.
As for Naver, it has already secured a medical service business in Japan. This is remote and being carried out through LINE Corp. and M3 Inc., an affiliate of Sony Corporation. The two companies launched a joint venture for digital health care called LINE Healthcare Corp. in 2019.
Meanwhile, Kakao’s announcement for the establishment of its new business comes a month after it acquired a 20% stake in Humanscape Co, a medical applications developer. The acquisition deal was worth ₩15 billion.
