POPA ReconKakao breaks everything
Kakao breaks everything Kakao plans to split KakaoAI and KakaoX at a ratio of 0.36 to 0.64. Existing shareholders receive shares of both companies, but The closing price fell 7.49% to 35,800 won due to concerns about the separation of growth businesses and re-listing. Since it is a spin-off, there is no real loss to shareholders. The karma is so great that it seems like division would result in physical division. This isn't bad news, but I think it's worth picking up.
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