[Asia Economy Reporter Buaeri] Kakao has completed the merger process with Croquis.com, the operator of 'Zigzag,' and launched 'KakaoStyle' on the 1st.
Incorporated into the Kakao community, KakaoStyle has secured 100 billion KRW in funding from Kakao to expand its business. The plan is to leverage Kakao's technological capabilities and platform synergies to target the market as a global style commerce platform.
The CEO of KakaoStyle remains Seo Jeong-hoon, the CEO of Croquis.com. CEO Seo will directly lead the advancement of domestic services that recommend personalized styles for all ages and genders, as well as global business operations.
'Zigzag' will retain its service name. The fashion curation service 'KakaoStyle' will change its service name to 'Fashion by Kakao.'
Seo Jeong-hoon, CEO of KakaoStyle, said, "Just as existing Kakao affiliates have recorded remarkable growth based on the Kakao platform, KakaoStyle has completed all preparations to become the global number one style commerce by securing not only business synergies but also funding for rapid and aggressive business expansion." He added, "Going forward, KakaoStyle will create a style commerce ecosystem based on personalization and relationships and become a company that leads the growth of the industry."
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