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 plans to spin off its chat app-based platform business into a new company, tentatively named KakaoAI, and relist it on the Korea Exchange on Jan 27, 2027, following a Jan 1 split. KakaoAI w…
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…