Kakao decided to split the face value to expand the number of shares. The goal is to allow a variety of participants to invest.
On the 25th, Kakao announced at the regular shareholders’ meeting on March 29 that the par value division was proposed as an agenda and that it would be listed in installments on April 15 after a final resolution. The price per share is divided from 500 won to 100 won. If the number of shares in circulation is increased, small investors can be expected to participate.
Kakao explained, “We wanted to improve accessibility so that more diverse market participants can invest in Kakao by lowering the share price per share.”
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