Tag: kakao

What are the Largest Music Streaming Services in South Korea with Market Share Numbers

The largest music streaming services in South Korea are:

  1. Melon (38%)
  2. Genie Music (27.9%)
  3. YouTube Music (19.6%)
  4. Flo (13%)
  5. Vibe (3.9%)
  6. Kakao Music (3.4%)
  7. Bugs Music (1.9%)
  8. Apple Music (1.2%)

These eight music streaming services account for over 98% of the total market share in South Korea. Melon is the clear market leader, with a market share of nearly 40%. Genie Music and YouTube Music are also very popular, with market shares of over 20% each. Flo, Vibe, and Kakao Music have smaller market shares, but they are still significant players in the market. Bugs Music and Apple Music have the smallest market shares, but they are still growing in popularity.

New KakaoBank Investment in Indonesia’s Superbank – Takes 10% Stake

South Korea’s KakaoBank has acquired a 10% stake in Indonesia’s Superbank, a digital bank backed by Grab and Singapore Telecommunications. This investment marks KakaoBank’s first overseas expansion and is expected to strengthen the bank’s position in the Southeast Asian market.

KakaoBank is known for its innovative digital banking products and services, and it is expected to bring its expertise to Superbank to help it grow its business and reach more customers in Indonesia. The investment is also seen as a sign of KakaoBank’s confidence in the Indonesian market, which is one of the largest and fastest-growing digital economies in the world.