SEOUL: South Korea's top messaging service provider, Kakao Corp, and its second largest Internet portal, Daum, announced a merger Monday to create a one of the country's largest IT companies worth around US$3bil (RM9.62bil).
Daum Communications, the operator of portal Daum.net, said the merger with Kakao, which runs the hugely popular mobile chat app Kakao Talk, would be completed in October through share swaps.
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