To this end, the two parties will maximize synergy effects by combining Kakao’s mobile social networks, including KakaoTalk and Kakao Story, with the service know-how and core capabilities of Bugs, a music portal of Neowiz Internet.
To promote the music service, the two parties agreed to cooperate through a broad range of partnership, as well as to create a new music market on the mobile environment.
A Kakao official said, “We expect our cooperation with Neowiz Internet to contribute to creating a new music market. Various genres of music possessed by music portal Bugs will be shared by the users of KakaoTalk and Kakao Story, thereby creating a new place where people can enjoy music.”
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