<div class=newsTextDataWrapInner><p>SEOUL (Aug 21): South Korea's dominant chat app operator&nbsp;Kakao&nbsp;Corp said on Friday it plans to spin off its chat app-based platform business into a new company, tentatively named&nbsp;KakaoAI, while retaining investment operations in a firm renamed&nbsp;KakaoX.</p></div>

<div class=newsTextDataWrapInner><p>With this move, the company is seeking to address a conglomerate discount and strengthen business specialisation,&nbsp;Kakao&nbsp;said in a regulatory filing.</p></div>

<div class=newsTextDataWrapInner><p>The company expects the new entity to relist on the Korea Exchange on Jan&nbsp;27, 2027, following a planned Jan&nbsp;1 split.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>KakaoAI will focus on AI, advertising, commerce and the&nbsp;KakaoTalk chat app platform, while&nbsp;KakaoX will manage and develop holdings in areas including fintech, content and mobility,&nbsp;Kakao&nbsp;said.</p></div>

<div class=newsTextDataWrapInner><p>Kakao&nbsp;set 2030 targets of six trillion won (US$4.34 billion or RM17.57 billion) or more in revenue and an operating margin above 30% for&nbsp;KakaoAI, while setting a target of 10 trillion won or more in revenue for&nbsp;KakaoX for the same year.</p></div>

<div class=newsTextDataWrapInner><p>Kakao&nbsp;had reported consolidated revenue of 8.1 trillion won in 2025, according to the company.</p></div>

<div class=newsTextDataWrapInner><p>Kakao&nbsp;also pledged 300 billion won of share buy-backs and cancellations over three years after the split.</p></div>

<div class=newsTextDataWrapInner><p><em>Uploaded by Tham Yek Lee</em></p></div>


South Korea's dominant chat app operator Kakao Corp said on Friday it plans to spin off its chat app-based platform business into a new company, tentatively named KakaoAI, while retaining investment operations in a firm renamed KakaoX.

South Korea's Kakao to spin off chat app-based platform business into KakaoAI, relist in 2027

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