April 26, 2024

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Its artificial intelligence platform Kakao I is spreading fast as it joins hands with a number of conglomerates, noted analyst Oh Dong-hwan. The corporate value of its major subsidiaries, including Kakao Games, Kakao Bank and Podotree, are also surging, he explained. 

The loans issued by Kakao Bank have already surpassed 2.5 trillion won in two months since it was introduced and although risks remain the corporate value may rise further, said the analyst. 

The recent spike in its stock price could be adjusted in short term, but the value of the company will rise, added Oh. 

By Hwang You-mee (glamazon@heraldcorp.com)