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The Economic Times
The Economic Times
Technology

Kakao to spin off chat app-based platform business into KakaoAI, relist in 2027

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.

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