{"id":501496,"date":"2022-10-17T06:39:00","date_gmt":"2022-10-17T03:39:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/dow-jones-newswires-kakao-shares-slump-in-south-korea-after-data-center-fire-disrupts-services\/"},"modified":"2022-10-17T06:39:00","modified_gmt":"2022-10-17T03:39:00","slug":"dow-jones-newswires-kakao-shares-slump-in-south-korea-after-data-center-fire-disrupts-services","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/dow-jones-newswires-kakao-shares-slump-in-south-korea-after-data-center-fire-disrupts-services\/","title":{"rendered":"#Dow Jones Newswires: Kakao shares slump in South Korea after data-center fire disrupts services"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a237ec847942\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a237ec847942\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/dow-jones-newswires-kakao-shares-slump-in-south-korea-after-data-center-fire-disrupts-services\/#%E2%80%9CDow_Jones_Newswires_Kakao_shares_slump_in_South_Korea_after_data-center_fire_disrupts_services%E2%80%9D\" >&#8220;Dow Jones Newswires: Kakao shares slump in South Korea after data-center fire disrupts services&#8221;<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/dow-jones-newswires-kakao-shares-slump-in-south-korea-after-data-center-fire-disrupts-services\/#Kwanwoo_Jun\" >Kwanwoo Jun<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CDow_Jones_Newswires_Kakao_shares_slump_in_South_Korea_after_data-center_fire_disrupts_services%E2%80%9D\"><\/span>&#8220;Dow Jones Newswires: Kakao shares slump in South Korea after data-center fire disrupts services&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\">\n<\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\" data-nosnippet>\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap crawler\" itemprop=\"articleBody\" data-sbid=\"MW-BT-CO-20221016-701417\" role=\"document\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       Kakao Corp. shares<br \/>\n        035720,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/206944884\/delayed\" class=\"negative\">-5.93%<\/bg-quote><br \/>\n       slumped early Monday after a fire at one of its data centers over the weekend disrupted its popular messaging <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a> and other fintech services.<\/p>\n<p> Shares in the South Korean mobile internet giant fell as much as 9.5% to 46,500 won ($32.25) in morning trade and were last 5.5% lower at KRW48,600 around midday. The benchmark Kospi index was 0.1% higher.<\/p>\n<div class=\"paywall\">\n       Kakao\u2019s retreat reflects investors\u2019 concerns about damage to the company\u2019s reputation as well as earnings setbacks that the company could suffer from the fire, according to analysts.<\/p>\n<p>The Saturday blaze at a data center south of Seoul crippled various Kakao services, including the mobile messaging app KakaoTalk which is used by well over 80% of South Koreans, over most of the weekend until late Sunday.<\/p>\n<p>\u201cIn fact, the entire nation has experienced the discomfort, and Kakao\u2019s reputation as a premium brand for providing various platform services has been tarnished,\u201d Seoul-based Eugene Investment &amp; Securities analyst Jung Eui-hoon said in a note Monday.<\/p>\n<p>Kakao will also need to prepare for additional costs to cover damages caused by its disrupted services, Jung said, noting that its taxi ride-hailing, paid-content and online-<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a> services had been affected. Its fintech affiliates KakaoBank Corp. and Kakaopay Corp. were also trading more than 4% lower Monday.<\/p>\n<p>Kakao said in a regulatory filing Monday that it and SK C&amp;C, which accommodates the data center, were in talks to discuss damages, and expect the fire to have a \u201climited\u201d impact on revenue.<\/p>\n<p>Samsung Securities analyst D.H. Oh estimated Monday that the weekend fire and business disruption could cut Kakao\u2019s revenue by 1% to 2% for the fourth quarter.<\/p>\n<p>Eugene Investment &amp; Securities Monday lowered its target for Kakao\u2019s shares by 39% to KRW65,000, citing the platform company\u2019s loss of growth momentum on weaker corporate spending on online advertising and a lack of new growth engines.<\/p>\n<\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>    <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Kwanwoo Jun\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Kwanwoo_Jun\"><\/span>Kwanwoo Jun<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B20C0C4D5-7425-4434-F126-4128479E9875%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Dow Jones Newswires: Kakao shares slump in South Korea after data-center fire disrupts services&#8221; Kakao Corp. shares 035720, -5.93% slumped early Monday after a fire at one of its data centers over the weekend disrupted its popular messaging app and other fintech services. Shares in the South Korean mobile internet giant fell as much as&#8230;<\/p>\n","protected":false},"author":1,"featured_media":501497,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/mw3.wsj.net\/mw5\/content\/logos\/mw_logo_social.png","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-501496","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/501496","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=501496"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/501496\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/501497"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=501496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=501496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=501496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}