This announcement is a follow-up to the one released on the date of left cell.
1. Contents of rumors or media reports
News article about Naver or Kakao, competition for acquisition of stake in SM Entertainment
2. Channel of rumors or media reports
Maeil Business Newspaper, etc.
3. Distributed date of rumors or media reports
2021-05-27
4. Company's explanation for rumors or media reports
This disclosure is made to re-clarify media reports about "Naver or Kakao, competition for acquisition of stake in SM Entertainment" by Maeil Business Newspaper, etc. on May 27, 2021.
Kakao and Kakao Entertainment, a subsidiary of Kakao, have been looking into various measures such as business cooperation or equity investments to strengthen its global content business competitiveness since the date of an explanation disclosure (Undetermined) related to news article about "Naver or Kakao, competition for acquisition of stake in SM Entertainment" by Maeil Business Newspaper, etc. on May 27, 2021. However, no specific decisions have been made at this time.
We will re-disclose any details related to this issue within three months or when related matters are confirmed in the future.
(Disclosure Officer) Head of Investment Governance Division Jaehyun Bae
5. Re-disclosure date
2022-07-14
※ Related disclosure
2022-01-17 Response to Rumors or Media Reports: Undetermined
2021-10-18 Response to Rumors or Media Reports: Undetermined
2021-07-23 Response to Rumors or Media Reports: Undetermined
2021-06-25 Response to Rumors or Media Reports: Undetermined
2021-05-28 Response to Rumors or Media Reports: Undetermined
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Kakao Corp. published this content on 15 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 April 2022 07:49:02 UTC.
Kakao Corp is a Korea-based company principally engaged in the mobile services business. The Company operates its business through two segments. The Content segment produces mobile messengers, portals, games, music, and paid content such as webtoons, and Web novels. In addition, it sells character products using intellectual property (IP) called Kakao Friends through online and offline stores. The Platform segment sells advertisements such as search advertisements and display advertisements. In addition, it engages in businesses of mobility, pay and manufacturing communication terminals for children using IP called Kakao Friends.