(3rd LD) Kakao Corp. to spinoff core biz to strengthen AI capabilities
SEOUL, Aug. 21 (Yonhap) -- South Korea's Kakao Corp. said Friday it plans to spl...
South Korea's Kakao Corp. announced Friday that it plans to split its major businesses, including the popular messenger service KakaoTalk, into two entities. This move aims to strengthen the company's artificial intelligence (AI) capabilities. The spinoff, which will be completed by January 1, 2024, will create KakaoAI and KakaoX.
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