Netflix Eyes South Korea for More Live Events as BTS Concert Livestream Approaches 
Japan Eyes Reduction in Inflation-Linked Bond Buybacks Amid Surging Investor Demand 
Delivery Hero Sells Taiwan Foodpanda to Grab for $600 Million in Debt-Reduction Push 
U.S. Stock Futures Slide as Iran Conflict and Inflation Fears Rattle Wall Street 
Gold Prices Extend Losing Streak, On Track for Worst Weekly Loss Since 1983 
Federal Reserve Crisis: DOJ Standoff Threatens Powell's Succession and Rate Stability 
Goldman Sachs Raises ECB Rate Hike Forecast Amid Persistent Energy-Driven Inflation 
EA's $15B Debt Offering Draws $25B in Investor Demand Amid Credit Market Turmoil 
Iran-Israel War Escalates: Long-Range Missiles, Nuclear Site Strikes, and Global Energy Crisis 
Paraguay Central Bank Holds Interest Rate at 5.5% Amid Slowing Growth 
Tesla Eyes $2.9 Billion in Chinese Solar Equipment to Power 100 GW U.S. Manufacturing Push 
Volkswagen CEO Urges Germany to Adopt China's Industrial Discipline Amid Major Restructuring 
GE Vernova and Hitachi's $40 Billion SMR Investment Signals a New Era for U.S. Nuclear Energy 
U.S.-Iran War Escalates: Marines Deploy, Strait of Hormuz Closure Drives Global Oil Crisis 
J.P. Morgan Now Expects Two ECB Rate Hikes Amid Inflation Pressures 
Judge Dismisses Sam Altman Sexual Abuse Lawsuit, But Sister Can Refile 
Amazon's "Transformer" Phone: Can It Succeed Where Fire Phone Failed? 
Kakao is reportedly launching its newest subscription-based content platform. The company is said to be bringing out the platform in August and currently, it is being tested.
What the Kakao’s new content platform is about
As per The Korea Herald, Kakao said on Thursday, June 17, that it is running a closed beta test of the still-unnamed platform and its content partners are taking part in the test run. While it does not have an official name yet, it was revealed that once it is active, users can do a lot on the site such as create, edit and publish the content in different formats including music, texts, videos and news.
Content creators or users of the platform also have the option to pick the content they want and subscribe to it through KakaoTalk. It will also be easy to link the content created to other Kakao services like Content View, Daum News, KakaoTV, Tistory and Brunch.
Users can use the platform for free but later on, Kakao will introduce paid services as well as advertisements. This means that to avail of types of services, there will be subscription plans after the launch.
“Unlike other feed-style platforms, Kakao will introduce a new way of creating and supplying content,” Kakao co-CEO, Joh Su Yong, said last year. “Anyone can be content creators and curators through our platform.”
Kakao’s grocery subscription service
Meanwhile, the platform is not the only subscription service that Kakao is launching. Aju Business Daily reported that the company also released a grocery subscription service through KakaoTalk, the leading messenger app in South Korea.
This will provide convenience to users as they can subscribe to various services ranging from everyday essentials to lifestyle services. Customers can choose to avail of Kakao’s subscription services including laundry pick-up, grocery delivery, reservations for travel needs and many more. The company is targeting to gather 46 million active users.
"We have developed this service as a medium that will not only have customers buy and own products but also vibrantly change our customers' everyday lives," an official from Kakao said.
Finally, it should be noted that there is no need to install a separate app because users can use this subscription service just by using their existing Kakao Talk app.
