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Kakao expects $28 million hit from datacenter fire that knocked down services

Posted On: Nov. 4, 2022 10:07 AM CST

South Korean internet services provider Kakao Corp. expects to suffer a one-off cost of around 40 billion South Korean won ($28 million) related to losses caused by a data center fire in October that took Kakao’s services offline, Data Center Dynamics reported. The fire at South Korean company SK C&C’s data center near Seoul on Oct. 15 knocked down servers of Kakao, disrupting nearly all KakaoTalk, Kakao Pay, and Kakao T online services.