[DISCLOSURE] Kakao (035720) reported on Nov. 8 that its operating profit in the third quarter dropped 35.3 percent to 30.66 billion won (US$27.40 million) from the same period last year.

Its revenue increased 16.3 percent on-year to 599.30 billion won while net profit decreased 81.5 percent to 7.38 billion won.

By Hwang You-mee (glamazon@heraldcorp.com)