Kakao Stock Split Executed... 500 Won → 100 Won

[Asia Economy Reporter Hwang Yoon-joo] Kakao held a board meeting and announced on the 25th that it decided to split the par value of common stock from 500 won to 100 won per share to increase the number of outstanding shares.

Accordingly, the number of Kakao's issued shares will increase from 88,704,620 shares to 443,523,100 shares. The new shares are scheduled to be listed on April 15. Trading will be suspended from April 12 to 14.

Kakao plans to submit the agenda item at the shareholders' meeting on the 29th of next month.