[Edaily Reporter Lee So-Hyun ] Kakao(035720)is redesigning its growth structure to accelerate innovation in the AI era.
Kakao announced on the 21st that it held a board meeting and resolved to carry out a spin-off into Kakao AI (the newly established entity) and Kakao X (the surviving entity).
The split ratio was set at 0.36 for Kakao AI and 0.64 for Kakao X, based on the book value of net assets. Existing shareholders will be allocated shares in both companies according to this split ratio.
Kakao plans to complete the spin-off on January 1 of next year following an extraordinary shareholders’ meeting on December 17, and to proceed with the relisting of Kakao AI and the reclassification listing of Kakao X on the 27th of the same month.
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