Kakao's 'AI assistant' vision met with lukewarm market; securities firms consider lowering target price.

Kakao is facing a challenging situation as it prepares for a planned split next January. Despite efforts by its top executives to communicate with investors, concerns remain about the company's future growth and valuation. The firm's recent developer conference, If Kakao, and analyst briefing did not alleviate market worries, with several brokerages, including Hyundai Motor Securities, Samsung Securities, and LS Securities, subsequently lowering their target prices for the stock.

Kakao's plan to link its artificial intelligence service, CaNaNa, with external commerce platforms has been delayed, fueling investor uncertainty.