Kakao Acquires 100% Stake in KakaoSpace for Absorption Merger

Kakao announced on the 3rd that it has acquired 100% of the shares of its real estate subsidiary Kakao Space and absorbed it through a merger.

Since it is a small-scale merger under the Commercial Act, no stock purchase rights will be granted. It was also stated that there will be no change in Kakao's shareholding ratio as it is a non-capital increase merger without issuing new merger shares.