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Kakao Games

Global publisher and developer of games

Overview

Kakao Games develops and publishes video games for PC, mobile, and VR, creating original titles and releasing third-party games to a global audience. Revenue comes from in-game purchases and game downloads, and the company uses KakaoTalk to market and build communities around its games. It expands development capacity by acquiring studios like XLGAMES, Lionheart Studio, and Ocean Drive Studio to maintain a steady pipeline of titles, including MMORPGs such as Odin: Valhalla Rising and Chrono Odyssey, along with published hits like PUBG and Path of Exile. Its goal is to grow a global catalog of popular online games, sustain recurring revenue, and broaden its international footprint through acquisitions and multi-platform publishing.

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About Kakao Games

Simplify's Rating
Why Kakao Games is rated
C+
Rated B on Competitive Edge
Rated C on Growth Potential
Rated C on Differentiation

Industries

Consumer SoftwareEntertainmentGaming

Company Size

201-500

Company Stage

IPO

Headquarters

Seongnam-si, South Korea

Founded

2015

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Simplify's Take

What believers are saying

  • Q2 2026 revenue reached 75 billion won, and marketing resets for October launches.
  • Realm of Dokkaebi, ArcheAge Chronicles, and Dungeons Arise create a packed late-2026 pipeline.
  • ME2ON adds 2025 revenue of 120.9 billion won and 80% overseas sales.

What critics are saying

  • Q2 2026 operating loss hit 23 billion won after 35% revenue decline.
  • Mobile revenue fell 47.8% as legacy titles erode and new launches slip.
  • If Q4 2026 titles miss, Kakao Games burns cash and forces parent support.

What makes Kakao Games unique

  • KakaoTalk gives Kakao Games distribution and community reach across Korea.
  • September 2026 ME2ON purchase adds profitable casual and social-casino scale.
  • Kakao-controlled studios XLGAMES and Lionheart keep premium MMORPG IP inside the group.

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Funding

Total Funding

$703.5M

Above

Industry Average

Funded Over

4 Rounds

Post IPO Equity funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Equity Funding Comparison Coming Soon

Stock Price

Company News

Inven Global
Oct 16th, 2026
Umamusume: Pretty Derby adds Deserted Island training scenario.

Umamusume: Pretty Derby adds Deserted Island training scenario. Oct 16, 2026 On October 16, Kakao Games added the new training scenario "Welcome to the Deserted Island -DESIGN YOUR ISLAND-" to Umamusume: Pretty Derby. In the launch celebration campaign, players can obtain up to 80 Support Card pulls for free until October 24. A login bonus has also been prepared. Users who log in by November 19 will receive a one-time grant of 1,500 Jewels. Along with scenario launch celebration missions, events such as increased factor re-acquisition attempts, doubled training rewards, and half TP consumption are also underway. In the new scenario, players participate in the "Deserted Island Project" to develop the island. "Development Pt" collected through training and races is used to build facilities, and the growth parameters gained from "Island Special Training" vary depending on which facilities are built. Based on this, players can directly design facility construction and their training strategy. This update also introduces the new playable Umamusume "[Boho Flare] Gold City". The newly added Support Cards are "SSR [Is Your Instinct Roaring!?] Tucker Bryne", "SSR [Like White Lightning] Tamamo Cross", and "R [Head of Deserted Island Project] Tucker Bryne". Developed by Cygames and published domestically by Kakao Games, Umamusume: Pretty Derby is a training simulation game. Players train characters who inherit the names and souls of real-life racehorses to compete for victory in races, featuring rich storylines and a highly flexible training system. Further details on the update are available on the official Umamusume: Pretty Derby brand page, official KakaoTalk channel, and official community. This article was originally written in Korean and translated with the help of AI. It was then edited by a native English-speaking editor. All AI-assisted translations are reviewed and refined by its newsroom. [Read Original]

Inven Global
Oct 15th, 2026
World of Dokkaebi to hold playable demo at Daegu Content Fair on oct. 16-17.

World of Dokkaebi to hold playable demo at Daegu Content Fair on oct. 16-17. Oct 14, 2026 Kakao Games Corp. announced on October 15 that it will operate a playable demo and event zone for World of Dokkaebi at the Daegu Content Fair, held at Daegu EXCO from October 16 to 17. World of Dokkaebi is a 2.5D MMORPG developed by Supercat and published by Kakao Games, which officially launched on October 8. According to Kakao Games, the game reached No. 1 on Google Play's top-grossing chart and No. 2 on the Apple App Store's top-grossing chart following its release. The event booth will be operated jointly with REDICE Studio, which holds the IP (Intellectual Property) of Myeonggwisudojeon. Visitors can try out the game at the joint booth and participate in on-site events. To participate in the demo, players must verify that they have installed the game and subscribed to its official channel. Verified users will be provided with a dedicated demo account, allowing them to try on various outfits and mounts or experience defeating the boss 'Baekun'. Merchandise for users who verify and participate in the demo includes a Mongryeon pouch, Myorong pouch, Myorong short-sleeve shirt, Park Ji-hoon photocard set, and a 'World of Dokkaebi Gat Selection Box Coupon'. The game is based on the Naver web novel and webtoon Myeonggwisudojeon. Its world is constructed with pixel art infused with traditional Korean aesthetics, featuring visuals that combine 2D pixel characters with 3D backgrounds. The game also involved a collaboration with REDICE Studio, the production company behind Solo Leveling. Detailed information about the game can be found on the official World of Dokkaebi website and official community. This article was originally written in Korean and translated with the help of AI. It was then edited by a native English-speaking editor. All AI-assisted translations are reviewed and refined by its newsroom. [Read Original]

Inven Global
Oct 12th, 2026
World of Dokkaebi ranks 2nd in revenue across both major App markets.

World of Dokkaebi ranks 2nd in revenue across both major App markets. Oct 11, 2026 Kakao Games Corp. announced on October 12 that its new 2.5D MMORPG, World of Dokkaebi, reached second place in revenue rankings on both Google Play and the Apple App Store. Developed by Supercat and published by Kakao Games, World of Dokkaebi officially launched on October 8. According to Kakao Games, the game maintains a user rating of 4.6 on Google Play based on more than 10,000 reviews. The company explained that this rating is among the highest compared to games in the same genre, attributing the positive reviews to its worldview, gameplay, and player-friendly live operations. In popularity rankings, the title climbed to number one on the Apple App Store on October 7 when pre-downloads began, and secured first place on Google Play on its launch day, October 8. In revenue rankings, it rose to second place on the Apple App Store following release and reached second place on Google Play on October 11. Early post-launch operations have focused on gathering player feedback and integrating it into the game. During a live broadcast on October 9, Kakao Games outlined key areas for improvement, including smoothing out progression bottlenecks, adjusting acquisition amounts for 'Dan' and 'Yohonseok', and adding new paths to obtain Taoist magic through guild content. Subsequent maintenance updates reflected this feedback while providing compensation. To accommodate the surging player base, the publisher added a new server, 'Bokbun', around 7:30 PM on October 10 and distributed special rewards to ensure a stable playing environment. Outfits and mounts do not grant growth-related stats, and the membership period was extended to 30 days - measures previously detailed during online showcases and live demonstration streams. Moving forward, the company plans to release seasonal updates every four weeks and communicate with players through its official communication channel, the 'Dokkaebi Assembly'. While prioritizing stable operations and content updates for domestic service, Kakao Games is also preparing for global service. The company aims to target overseas markets with its player-friendly gameplay, pixel graphics, and Taoist magic combinations. Leveraging operational expertise and content accumulated from domestic service, Kakao Games plans to deliver a stable gaming environment for global players. Detailed information about the game can be found on the official World of Dokkaebi website and official community. This article was originally written in Korean and translated with the help of AI. It was then edited by a native English-speaking editor. All AI-assisted translations are reviewed and refined by its newsroom. [Read Original]

Inven Global
Oct 8th, 2026
World of Dokkaebi tops popularity charts on both major App stores.

World of Dokkaebi tops popularity charts on both major App stores. Oct 8, 2026 Kakao Games Corp. announced on the 8th that its new 2.5D MMORPG World of Dokkaebi reached No. 1 on the popularity charts of Google Play and the Apple App Store. On the Apple App Store, it climbed to No. 1 on the popularity chart on the 6th, when pre-downloads began. On Google Play, it also achieved No. 1 on the day of its official launch. Developed by Supercat, World of Dokkaebi is an MMORPG based on the IP (Intellectual Property) of Naver's web novel and webtoon The Tale of Cultivation and Demon Extermination. Utilizing pixel art that incorporates traditional Korean themes, it combines 2D pixel characters with 3D backgrounds to deliver both a retro feel and a sense of three-dimensional space. Player feedback gathered prior to release was reflected in service operations. During a live demonstration showcase in September, Kakao Games gathered feedback through pre-submitted questions and real-time Q&A, announcing that growth-related stats would not be applied to costumes and mounts. The membership usage period was also extended from the previous 28 days to 30 days. Following the release, Kakao Games plans to continuously gather user feedback through its official communication channel, the Dokkaebi Assembly, and reflect it in the service. Detailed information about the game can be found on the official website and official community. To commemorate topping the popularity charts on both major stores, Kakao Games is distributing one 'No. 1 Commemorative Sorcery Fragment Selection Box,' one 'Dye Selection Box,' and 111,111 'Yeopjeon' (brass coins). Using the 'No. 1 Commemorative Sorcery Fragment Selection Box' allows players to select and receive one of 25 types of sorcery. Selectable sorcery fragments include 'Fortitude,' 'Devotion,' 'Incantation,' 'Deception,' and 'Mobility'. Cha Myung-soo, Head of Business at Kakao Games, said, "Seeing the immense interest and support shown for World of Dokkaebi even before launch reminded us once again of our promise to listen to players' voices and build a user-centered service," adding, "We will continue its service without losing its original intent so that Inven Global can repay the current interest and expectations". This article was originally written in Korean and translated with the help of AI. It was then edited by a native English-speaking editor. All AI-assisted translations are reviewed and refined by its newsroom. [Read Original]

7 Grand Steps
Oct 5th, 2026
Kakao Games has released an update for Odin: Valhalla Rising with class balance and a new profession change season.

Kakao Games has released an update for Odin: Valhalla Rising with class balance and a new profession change season. By Daniel Whitaker Game Journalist at 7GrandSteps | Reviews and Gameplay Articles Last updated: Oct 05, 2026 Kakao Games has rolled out a significant patch for its blockbuster MMORPG Odin: Valhalla Rising, developed by Lionheart Studio. The update delivers a sweeping overhaul of the combat system, adds several quality-of-life features, and kicks off themed in-game events. At the heart of the patch is a thorough rework of skills, animations, and visual effects across every class, aimed at reinforcing each class's distinct role in PvE and large-scale PvP. New heroic active abilities have also been added to the heroes' arsenal, while the "Defender" class gains a new control skill called "Absolute Provocation." On the convenience side, players will now find a history of equipment enchantment failures, a synthesis achievement tab, and inventory filters in the interface. The patch coincides with the launch of the fifteenth class change season, running until October 7, which lets players switch to a different profession without losses. Generous in-game events accompany the update, including harvesting Yggdrasil seeds for valuable rewards such as legendary chests and summon tickets.

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