[Featured Stock] Kakao Hit by Regulatory Risks... Falls Below 120,000 Won After 5 Consecutive Trading Days of Decline
![[Featured Stock] Kakao Hit by Regulatory Risks... Falls Below 120,000 Won After 5 Consecutive Trading Days of Decline](http://www.asiae.co.kr/news/img_view.htm?img=2021091610214233162_1631755302.jpg)
[Asia Economy Reporter Park Jihwan] Kakao has fallen below 120,000 won after showing a decline for five consecutive trading days. Investment sentiment is rapidly shrinking as regulatory risks from financial authorities come to the forefront.
As of 10 a.m. on the 17th, Kakao is trading at 119,500 won, down 2,000 won (1.65%) from the previous trading day.
Hot Picks Today
!["Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①](https://cwcontent.asiae.co.kr/asiaresize/93/2026051914165468840_1779167814.png)
"Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- "I'll Stop by Starbucks Tomorrow": People Power Chungbuk Committee and Geoje Mayoral Candidate Face Criticism for Alleged 5·18 Demeaning Remarks
- Jensen Huang: "China Will Eventually Allow Imports of U.S. AI Chips"
- "How Did an Employee Who Loved Samsung End Up Like This?"... Past Video of Samsung Electronics Union Chairman Resurfaces
Kakao faced a sharp decline earlier this month due to news of regulatory moves on 'internet platforms' by the government and political circles. From the 6th to the 16th, over nine trading days, the stock mostly trended downward except for one day. During this period, Kakao's stock price dropped 24.37% (35,000 won).
This content was produced with the assistance of AI translation services.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
