Kakao Corp (035720.KS)
Latest Key Developments (Source: Significant Developments)
May 9 (Reuters) - Kakao Corp <035720.KS>::SAYS Q1 CONSOLIDATED OPERATING PROFIT UP 166 PERCENT Y/Y TO 27.7 BILLION WON ($23.63 million). Full Article
Dec 21 (Reuters) - Kakao Corp <035720.KS>'s character licensing and merchandising unit Kakao IX::SAYS TO OPEN ITS FIRST OFFICIAL KAKAO FRIENDS OVERSEAS STORES IN TOKYO ON DEC 22. Full Article
March 23 (Reuters) - Loen Entertainment Inc <016170.KQ> : :Says it changed CEO of the co to Lee Je Wook. Full Article
Aug 17 (Reuters) - Kakao Corp <035720.KS> ::* Says it plans to merge with its wholly owned subsidiary Kakaogames Holdings, CO.,LTD.* Says merger ratio is 1:0 between the co and the unit.* The company will survive and the unit will be dissolved after merger.* Merger effective date is Oct. 23. Full Article
Aug 17 (Reuters) - Kakao Corp <035720.KS> ::* Says it plans to buy 30,005 shares of Kakao Games Corp, a software development and sales company, for 220.95 billion won .* Says it will hold 80 percent stake(67,460 shares) in target company after transaction . Full Article
SEOUL Private equity firms KKR, Bain Capital and MBK Partners, as well as South Korea's Netmarble Corp and Kakao Corp submitted binding bids for the parent of South Korean gaming company Nexon Co on Friday, Korea Economic Daily said, citing investment banking sources.