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Kakao communicates with employees ahead of spin-off; employment and work conditions to carry over

Kakao said on Oct. 16 it held an \"Open Talk\" session with employees the previous day to share preparations for its planned corporate spin-off. CEO Chung Shin-a, CFO Shin Jong-hwan and CTO Song Jae-ha attended. Kakao said all employees\' jobs and employment terms would be comprehensively carried over to the new entity, KakaoAI, along with related rights and obligations. It aims to complete the spin-off on Jan. 1, 2027.