Kakao Sells Employee Bonus Shares Worth 12.4 Billion KRW

[Asia Economy Reporter Ji Yeon-jin] Kakao announced on the 4th that it sold 26,190 shares of its own stock, which were to be given as bonuses to employees, on the 24th of last month at 473,500 KRW per share.

The total disposal amount was 12,409,650,000 KRW, exceeding the initially expected 11,916,450,000 KRW as Kakao's stock price has recently shown an upward trend.