South Korea's science ministry has selected three consortia led by SK Telecom Co., KT Corp. and Kakao Corp. to build an AI service under the government's 'AI for all' initiative, providing them with 5…
Kakao Corp.'s stock fell more than 7 percent, erasing 1.8 trillion won ($1.3 billion) in market value, after the company announced a spin-off plan to split into KakaoAI and KakaoX, with investors skep…
Kakao Corp. announced on August 21 that its board approved a proportional spinoff into KakaoAI and KakaoX, with a split ratio of 0.36 for KakaoAI and 0.64 for KakaoX. KakaoX will focus on virtual asse…
Kakao Corp. said Friday it has no plans to turn Kakao X, the investment company created through its planned corporate split, into a holding company, with CEO nominee Kim Do-young stating 'absolutely n…
Kakao Corp. will split into two listed companies, Kakao AI and Kakao X, with the board approving a demerger on Friday. Kakao AI will house KakaoTalk and AI, advertising, and commerce businesses, while…
Kakao Corp. announced Friday it will split its major businesses, including KakaoTalk, into two entities, KakaoAI and KakaoX, to strengthen its AI capabilities. The spinoff, approved at a board meeting…
OpenAI CEO Sam Altman postponed his visit to Korea due to the birth of his second daughter, according to sources. The trip, which was to include meetings with Samsung Electronics, Naver, and Kakao, ha…