South Korea's Kakao looks overseas for K-pop-fueled growth

South Korea's Kakao looks overseas for K-pop-fueled growth

FILE PHOTO: The Kakao messaging application and the Kakao T taxi booking application are seen on a mobile phone in this illustration photo March 13, 2018. REUTERS/Thomas White/Illustration

South Korean internet conglomerate Kakao, which acquired K-pop agency SM Entertainment earlier this year, is rushing to expand its entertainment business overseas amid dwindling earnings in its mainstay domestic advertising operations.