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Kakao is grappling with rumors of selling stakes in its subsidiaries, including Kakao Entertainment, which reported a significant net loss of 259.1 billion won in 2024. While the company denies these reports, it acknowledges ongoing discussions about shareholding changes, raising concerns among employees and stakeholders about financial stability and user data protection.
Kakao founder Kim Beom-su has resigned as co-chair of the Corporate Alignment Council due to health issues, leaving CEO Chung Shin-a as the sole chair. Despite stepping down, Kim will continue to lead Kakao’s Future Initiative Center amid ongoing legal investigations related to stock price manipulation. The company is also spinning off its web portal unit, Daum, into a standalone entity for improved decision-making.
Kakao founder Kim Beom-su has resigned as co-chair of the Corporate Alignment Council due to health issues, leaving CEO Chung Shin-a as the sole chair. Despite stepping down, Kim will continue to lead Kakao’s Future Initiative Center amid ongoing legal investigations related to alleged stock price manipulation. The company is also spinning off its web portal unit, Daum, into a standalone entity for more agile decision-making.
South Korean President Yoon Suk Yeol declared martial law for the first time in 50 years, citing threats from opposition groups. This move has sparked political turmoil, leading to an impeachment motion against Yoon and public protests, while the markets reacted with a temporary weakening of the Korean won. The outcome of the impeachment vote is anticipated to influence market stability moving forward.
Park Shin-hye
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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