Kakao Corp. 035720
KRX · South Korea · Technology Services
KRW 33,550.000.00 (0.00%)
Market closed· · KRW · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
Market closed· · KRW · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
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South Korea just promised free, unlimited AI to 51 million citizens, and the chipmakers supplying the hardware are already booking it as a win. But the gap between that promise and the compute reality behind it exposes something investors are missing.
The company aims to raise US$1bn to expand its operations.
South Korea's dominant chat app operator Kakao Corp said on Friday it plans to spin off its chat app-based platform business into a new company, tentatively named KakaoAI, while retaining investment operations in a firm renamed KakaoX. With this move, the company is seeking to address a conglomerate discount and strengthen business specialisation, Kakao said in a regulatory filing. The company expects the new entity to relist on the Korea Exchange on January 27, 2027, following a planned January 1 split.
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