Breaking
Kakao Approves Split Into KakaoAI and KakaoX in Governance Overhaul
Korea Economic Daily
Summary
- Kakao said it had approved a pro rata split into KakaoAI and KakaoX.
- The company said the split ratio, based on net asset book value, would be 0.36 for KakaoAI and 0.64 for KakaoX, with existing shareholders receiving shares in both companies.
- Kakao said it plans to complete the split on Jan. 1, 2027, and pursue the relisting of KakaoAI and the change of listing for KakaoX on Jan. 27, 2027.
Kakao Corp. is overhauling its governance structure.
The company said on Aug. 21 that its board approved a pro rata split into KakaoAI, a newly created entity, and KakaoX, the surviving company.
The split ratio, based on net asset book value, is 0.36 for KakaoAI and 0.64 for KakaoX. Existing shareholders will receive shares in both companies according to that ratio.
Kakao plans to complete the split on Jan. 1, 2027, after an extraordinary shareholders meeting on Dec. 17, 2026. It also plans to relist KakaoAI and change the listing of KakaoX on Jan. 27, 2027.
Jeong Ji-eun, Hankyung.com reporter jeong@hankyung.com
Korea Economic Daily
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