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Search results for treasury shares

Games & Commerce

Kakao to split Kakaotalk and AI unit in bid to redesign growth structure

Kakao will separate its Kakaotalk and artificial intelligence businesses into a separately listed company, saying the market is not fully reflecting the value of its businesses. The company approved a human split into newly created KakaoAI and surviving KakaoX, with existing shareholders to receive shares in both. Kakao set targets for AI user growth and revenue through 2030 and also disclosed shareholder return plans, including a 300 billion won treasury share buyback and cancellation plan.

Finance

KakaoBank to cancel 51% of treasury shares, use remainder for employee compensation

KakaoBank will cancel 270,000 of its treasury shares, or about half of the total it holds, within the legal deadline to enhance shareholder value, it said on Aug. 17. As of June 30, the company held 532,334 treasury shares, with the planned cancellation accounting for about 51 percent. The remaining 262,334 shares will be used for employee compensation. KakaoBank plans to seek shareholder approval in 2027 for a detailed holding and disposal plan.

Industry

Park Jung-ho, former SK Hynix vice chairman, gets 16.9 billion won in second year after retirement; 288.1 billion won still due

Park Jung-ho, an executive advisory member at SK Hynix and former vice chairman, received 26.5 billion won in the 18 months after leaving, according to a half-year report filed on Aug. 14. His pay totalled 9.61 billion won in 2025 and 16.9 billion won in the first half of 2026, largely from settlement of long-term incentives granted while he was a registered executive. The company estimated unpaid SARs and performance shares at 288.1 billion won.