Kakao, "No Specific Decisions Made on Acquiring SM Entertainment Shares"

[Asia Economy Reporter Lim Hye-seon] Kakao and its subsidiary Kakao Entertainment announced on the 17th that "following the clarification disclosure (unconfirmed) regarding the May 27th article in Maeil Business Newspaper titled 'Naver and Kakao Compete to Acquire Shares of SM Entertainment,' we have continuously been reviewing various options such as business partnerships and equity investments to strengthen our global content business competitiveness, but currently, no specific decisions have been made."