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[Alpha Biz=(Chicago) Reporter Kim Jisun] Kakao will merge with Kakao Space, a real estate development subsidiary.
Kakao announced that it made the decision at the board meeting held on the 7th.
Kakao Space was established in May 2015 as a real estate developer and supplier with a 100% stake in Kakao.
"As it is a merger without capital increase that does not issue new shares, there is no change in stake structure even after the merger," Kakao said in a public announcement. "The synergy effect from the increase in management efficiency and integrated operation of the business is expected."
Kakao's merger with Kakao Space is scheduled for May 2.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
