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Games & Commerce

Kakao holds \'AI Sail Summit 26\' in Busan, shares group AX cases

Kakao held the \'Kakao AI Sail Summit 26\' in Busan to share artificial intelligence transformation (AX) cases across group affiliates and to unveil business plans to support local AI talent and entrepreneurs. About 800 local AI talent, entrepreneurs and developers attended. Kakao, Kakao Mobility, KakaoBank, Kakao Pay and Kakao Pay Insurance presented AI technologies and AX applications in their businesses. Kakao AI Sail also outlined a three-stage support structure spanning talent development, startup commercialisation and regional ecosystem expansion.

Mobility

Kakao blocks Kakao Mobility U.S. listing plan as Tesla nears FSD V15 unsupervised driving

Tesla has opened its first dedicated plant in Sparks, Nevada, to mass-produce its Semi electric truck, targeting annual output of up to 50,000 units. Expectations around Tesla’s self-driving technology rise as its in-car AI mentions possible unsupervised driving with FSD V15, while approval across Europe is delayed again. In South Korea, Kakao has moved to block a U.S. ADR listing plan for Kakao Mobility, citing concerns it would mainly aid TPG’s stake liquidity.

Industry

Kakao blocks Kakao Mobility U.S. ADR listing, opposes TPG stake securitisation structure

Kakao has moved to block Kakao Mobility’s push to list American depositary receipts in the United States, objecting to a structure focused on liquidity for second-largest shareholder TPG’s existing stake. Kakao’s board said it opposed proceeding under the current plan after reviewing shareholder protection measures and the impact on Kakao and its common shareholders. Kakao also cited concerns over dual listing burdens, NAV discount expansion and potential conflicts of interest.