General Announcement::Demerger Decision

Issuer & Securities

Issuer/ Manager
KAKAO CORP.
Securities
KAKAO CORP GDR A - US48312K1079 - CQC
KAKAO CORP GDR R - US48312K2069 - CQD
KAKAO KRW230B EB210511 - XS1402169764 - 4B9B
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
20-Sep-2018 17:11:42
Status
New
Announcement Sub Title
Demerger Decision
Announcement Reference
SG180920OTHRMX6C
Submitted By (Co./ Ind. Name)
Kakao Corp.
Designation
IR
Effective Date and Time of the event
20/09/2018 19:00:00
Description (Please provide a detailed description of the event in the box below)
The commerce business of Kakao Corp. will be demerged in accordance with Articles 530-2 through 530-12 of the Korean Commercial Code to establish a new company where Kakao Corp. will own all of the shares of the new company. Kakao Corp. will remain as a listed company and the newly established company will be a private company.

Attachments

Kakao_Demerger disclosure_20180920.pdf
Total size =69K