Kakao, 416,914 Shares Net Sold by Individuals in Last 5 Days... Stock Price 294,000 KRW (+2.98%)

As of 12:30 PM on the 3rd, Kakao is trading at 294,000 KRW, up 2.98% from the previous day. The trading volume is 1,225,733 shares, which is 90.61% of the previous day's volume. Kakao is known as the largest mobile communication platform company in South Korea.

On July 3rd, Kim Chang-kwon, a researcher at Mirae Asset Daewoo, stated, "The success of K-webtoons, with 2Q Japan transaction amount YoY +213%, estimated to surpass 100 billion KRW. The company's webtoon-related subsidiaries are KakaoPage and Kakao Japan. If stable growth in the Korean market, further expansion and market share acquisition in the Japanese market, and entry into other global countries become visible, the combined value of the two companies has the potential to reach the 10 trillion KRW range. A market value reassessment of Kakao is expected due to the IPO value increase of these two companies." He set Kakao's target price at 370,000 KRW.

Over the past five days, individual investors have net sold 416,914 shares of Kakao, while foreigners and institutions have net bought 365,489 shares and 47,168 shares, respectively.

※Source: AI Investment Assistant AI Rassiro

※ This article was generated in real-time by an automatic article generation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.

This content was produced with the assistance of AI translation services.