Kakao, one of the largest technology institutions in South Korea, is on the agenda with its Japan-based branch. The most important of these are as follows:

  • -Kakao’s Japan-based branch decided to acquire a controlling stake in the Japanese crypto exchange. Thus, the study of integrating web-based cartoon output with crypto services also emerges.

Yonhap and Sakura Exchange Bitcoin made an official announcement on their websites. Kakao Piccoma, the trading platform that emerged in these statements, stands out as the largest shareholder among trading platforms. Kakao’s subsidiary also best manages a business. This business is Piccoma, the largest web-based cartoon service provider in Japan.

With the Agreements, Exchange Transfer Transaction Has Come to the Stage of Realization

Although the size of the deal is still not disclosed, according to Sakura’s statements, it has realized a capital increase through third-party allocation. In addition, their CEO, Hitomi Yamamoto, stated in his statements that he will continue his role as company responsibility. Apart from this situation, it has become clear that new directors have also been appointed to work in the company.

  • -Media outlets reflect the Kakao branch’s views on Sakura’s crypto offerings regarding these events in South Korea. According to these views, it has been taken into account that Kakao is expected to apply to the webtoon platform on crypto proposals against Sakura. It was also stated in the statements of Kakao Piccoma that they are working for business synergy between the two companies. It is also stated in the statement that the work continues in areas other than webtoons.

Although Sakura is a company founded in 2017, it has been at the forefront as an institution that has developed itself in a short time and offers to match in high-capital crypto assets. Because Kakao’s ongoing crypto connections are not insignificant, the firm continued as an investor in Upbit, which is the market leader, especially in South Korea. In addition, it always keeps itself at the top with its small shareholding in the platform. Apart from these works, the company also undertakes the task of operating a crypto and blockchain subsidiary with Ground X, the company that pioneered Klaytn, one of the blockchain networks.

  • -Meanwhile, with the increase in mergers and acquisitions in the Japanese crypto space, it is clear that this month will be busy compared to other months.



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