Brokerages cut Kakao targets as split raises valuation concerns
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Source: The Korea Herald
Published: 2026-08-24 15:50 UTC+10:00
Section: All News
Factuality Score: 100
Opinion Category: Neutral
Topics: Technology & AI, World News, Business & Economy
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Snippet:
Kakao's plan to split into two listed companies, Kakao AI and Kakao X has prompted a streak of target price cuts from brokerage houses, citing concerns over a potential holding company discount and the profitability of its AI business.
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