Kakao is trading at 462,500 KRW as of 11:30 AM on the 28th, down 0.54% from the previous day. The trading volume is 530,308 shares, which is 76.02% of the previous day's volume. Kakao is known as the largest mobile communication platform company in South Korea.
On January 26, Samsung Securities researcher Odonghwan Oh announced, "Kakao Page will absorb and merge with Kakao M and change its name to Kakao Entertainment. The merged entity plans to unify the development of webtoon/web novel IPs and the production and distribution of video content to maximize synergy in the global content market," setting Kakao's target price at 570,000 KRW.
Over the past five days, individual investors have net sold 76,136 shares of Kakao, while foreigners and institutions have net bought 96,286 shares and net sold 7,849 shares, respectively.
※Source: AI Investment Assistant AI Rassiro
※ This article was generated in real-time by an automatic article generation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.
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