19 Aug 2024
Kakao Streamlines Operations, Reduces Affiliates to Focus on Core Assets
Kakao has reduced its affiliates from 144 to 123, divesting noncore assets like beauty reservations and golf rental services. Key divestments include Wyatt and Kakao VX. CEO Chung Shin-a emphasizes KakaoTalk and AI for growth. The company faces regulatory scrutiny over stock manipulation and data leaks.
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