Kakao to spinoff core biz to strengthen AI capabilities

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, is set to be completed by Jan. 1 next year, with KakaoAI relisting on Jan. 27.

Kakao to spinoff core biz to strengthen AI capabilities By Yonhap Korea's Kakao Corp. said Friday it plans to split its major businesses, including its popular messenger service KakaoTalk, into two entities as part of efforts to strengthen its artificial intelligence AI capabilities. The plan to split the company into KakaoAI and KakaoX was approved at a board meeting, the company said in a regulatory filing. Kakao plans to complete the spinoff by Jan. 1 next year, and relist KakaoAI on Jan. 27.