Number of Kakao subsidiaries down 30% since 2023 amid business reshuffle
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The number of subsidiaries under Korean IT giant Kakao fell 30 percent over the past two years, data showed Sunday, amid the company's efforts to streamline its businesses. The operator of Korea's most popular mobile messenger, KakaoTalk, had 102 subsidiaries as of Sunday, sharply down from 147 in May 2023, according to the data. The decrease came as Kakao carried out a company-wide reshuffle to focus on its artificial intelligence (AI) business while streamlining non-essential operations. Recently, Kakao Games, the gaming arm of Kakao, completed the process of selling its shares in Neptune to Krafton, after announcing the plan in a regulatory filing in April. Kakao plans to unveil its latest AI vision during an annual conference scheduled for September, including the launch of an AI platform under a unified brand, Kanana, as well as other related services in collaboration with U.S. tech giant OpenAI.Weiter zum vollständigen Artikel bei Korea Times
Quelle: Korea Times