Kakao VX Secures 100 Billion KRW Investment

[Asia Economy Reporter Kang Nahum] Kakao Games' golf-specialized subsidiary Kakao VX has secured an investment worth 100 billion KRW. This is the largest investment since the company's establishment.

On the 26th, Kakao VX announced that it decided on a third-party allotment paid-in capital increase worth 100 billion KRW targeting Velvet No.1 Limited Company.

Through this investment, Kakao VX plans to leap forward as a 'sports digital transformation' company. Additionally, it will seek business synergies through sports and healthcare service integration with Senatechnology, recently acquired by its parent company Kakao Games.

Furthermore, the company aims to strengthen its existing core business of screen golf and build a Korean-style fitness platform incorporating IT technology to enhance future business competitiveness.

Moon Tae-sik, CEO of Kakao VX, said, "This investment is an achievement made together by those who believed in Kakao VX's potential and future value, as well as our employees." He added, "We will strive to become Kakao VX that strengthens market competitiveness and pursues qualitative growth through business expansion."

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