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Kakao’s Split Fails to Win Over Analysts as Brokerages Cut Price Targets

Kakao Corp. is moving ahead with a corporate split aimed at boosting shareholder and corporate value, but analysts have responded by cutting their price targets, citing concerns over a holding-company…

  • Kakao Corp. split into KakaoX and KakaoAI
  • Analysts cut price targets, citing holding-company discount concerns
  • 63.5% to 36.5% split ratio based on net asset value

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