{
  "id": 2275489,
  "title": "(LEAD) Kakao Corp. to spinoff core biz to strengthen AI capabilities",
  "url": "https://urgent.news/2026/08/21/lead-kakao-corp-to-spinoff-core-biz-to-strengthen-ai-capabilities",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-21T02:05:47.000Z",
  "source": {
    "name": "Yonhap News",
    "slug": "yonhap-news",
    "url": "https://en.yna.co.kr/view/AEN20260821004251320"
  },
  "original_language": "en",
  "account": "Seoul, Aug. 21 - Kakao Corp., a leading South Korean company, announced on Friday its intention to split its primary operations into two separate entities, aiming to bolster its artificial intelligence (AI) capabilities. This decision, approved by the board, was detailed in a regulatory filing. The new entities, KakaoAI and KakaoX, are set to be formally established by January 1, with KakaoAI scheduled to relist on January 27.\n\nKakaoAI will manage the company's popular messaging platform, KakaoTalk, with the long-term objective of evolving into an AI-driven core business. This company will explore innovative revenue models by integrating AI into advertising and commerce sectors, with a target of generating over 6 trillion won (approximately US$4.3 billion) in sales by 2030.\n\nThe current CEO of Kakao, Chung Shin-a, will head KakaoAI. The existing Kakao Corporation will be restructured as KakaoX, serving as the parent company for future growth initiatives. This includes Kakao's mobile payment service, mobility platform, and entertainment ventures, which will remain under KakaoX. Shareholders will be allotted shares in the new entities in proportion to their existing investments in Kakao, with a division ratio of 36:64 for KakaoAI and KakaoX, respectively.",
  "summary": "SEOUL, Aug. 21 (Yonhap) -- South Korea's Kakao Corp. said Friday it plans to spl...",
  "key_points": [
    "Kakao Corp. plans to split into KakaoAI and KakaoX",
    "KakaoAI to focus on AI-driven messaging platform, KakaoTalk",
    "CEO Chung Shin-a to lead KakaoAI, 36:64 share split"
  ],
  "editors_take": "Kakao Corp.'s plan to split into two entities aims to prioritize AI capabilities, allowing the company to explore new revenue models and target significant sales growth by 2030.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Korea Times",
        "title": "Kakao to spinoff core biz to strengthen AI capabilities",
        "url": "https://urgent.news/2026/08/21/kakao-to-spinoff-core-biz-to-strengthen-ai-capabilities",
        "published": "2026-08-21T02:07:02.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}