[Special Stock] Kakao Games Continues Two-Day Decline Amid Listing News of '4 Trillion Won Valued Subsidiary'

[Asia Economy Reporter Ji Yeon-jin] On the 25th, Kakao Games is experiencing a decline of over 3% following news of its subsidiary's listing.

As of 11:03 AM, Kakao Games is trading at 48,250 KRW, down 3.21% (1,600 KRW) compared to the previous close. The company also closed down 3.39% on the 22nd.

Kakao Games' subsidiary, Lionheart Studio, filed for preliminary review for listing on the KOSDAQ market on the 22nd, and appears to be experiencing a decline for two consecutive days.

Lionheart Studio developed the mobile game "Odin: Valhalla Rising," and last month, during Kakao Games' additional acquisition of shares, it was valued at nearly 4 trillion KRW.