The Korean mobile technology giant plans to invest around 10 billion won ($9.23 million) in making the acquisition, aimed at strengthening Kakao’s portfolio of hardware and internet of things technologies.
|Kakao Kid's Smartphone (Kiwi Plus)|
Founded in 2013, Kiwi Plus is a hardware manufacturer best-known for making Android-based IoT devices including the Kakao Kid’s Phone, Kakao Kid’s Watch and Line Kid’s Phone. Parents can use their smartphones to check their children’s locations and communicate with them.
By Sohn Ji-young (firstname.lastname@example.org)