Kakao to spin off KakaoTalk-based platform business into new AI-focused listed company
21/08/2026 02:09
Kakao to spin off KakaoTalk-based platform business into new AI-focused listed company SEOUL, Aug 21 (Reuters) - Kakao Corp said on Friday it will spin off its KakaoTalk-based platform business, which had 2.9 trillion won ($2.1 billion) in equity and 2.6 trillion won in revenue as of June, into a new listed company, KakaoAI, as part of a group restructuring.
( $1 = 1383.30 won )
(Reporting by Kyu-seok Shim
Editing by Ed Davies)
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