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Kakao outlines AI and investment plans ahead of planned split

Kakao outlines AI and investment plans ahead of planned split

Kakao held its first joint investor briefing at its AI campus in Yongin, South Korea, with leaders from major group companies.

The briefing came ahead of a planned split into Kakao AI and Kakao X, and executives outlined their business plans after the split.

Kakao CEO Chung Shina said KakaoTalk would be developed into an AI interface that can act on users’ requests and context.

Kakao X is intended to be an investment company spanning fintech, content and mobility.

Executives also described plans involving AI-powered finance and banking, global content growth, and mobility technologies such as autonomous driving.

Kakao plans to hold a second meeting with small shareholders on Oct.

20 in Seoul.

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Kim Do-youngKakaoX CEO-designate
Through connections among the strong platforms, foundational technologies and customer touchpoints of our core business groups, we will create new growth opportunities and carry the results through to improving KakaoX’s long-term corporate value.
via Yonhap