Kakao Corp. plans to split its core businesses into KakaoAI and KakaoX to bolster its AI capabilities. The board approved the spinoff, with completion set for Jan. 1 next year and a relisting of KakaoAI on Jan. 27. KakaoAI will run KakaoTalk and aim to become an AI core company linked to advertising and commerce, while KakaoX will hold other businesses. The company said KakaoAI aims for more than 6 trillion won in sales by 2030.
Employees at Kakao Corp.'s headquarters in Seongnam, Gyeonggi Province, June 29 / Yonhap
Korea's Kakao Corp. said Friday it plans to split its major businesses, including its popular messenger service KakaoTalk, into two entities as part of efforts to strengthen its artificial intelligence (AI) capabilities.
The plan to split the company into KakaoAI and KakaoX was approved at a board meeting, the company said in a regulatory filing.
Kakao plans to complete the spinoff by Jan. 1 next year, and relist KakaoAI on Jan. 27.
