Kakao, "No Specific Decisions Made on Acquiring SM Entertainment Shares"
[Asia Economy Reporter Lim Hye-seon] Kakao and its subsidiary Kakao Entertainment announced on the 17th that "following the clarification disclosure (unconfirmed) regarding the May 27th article in Maeil Business Newspaper titled 'Naver and Kakao Compete to Acquire Shares of SM Entertainment,' we have continuously been reviewing various options such as business partnerships and equity investments to strengthen our global content business competitiveness, but currently, no specific decisions have been made."
Hot Picks Today
"Now Our Salaries Are 10 Million Won a Month" Record High... Semiconductor Boom Drives Performance Bonuses at Major Electronic Component Firms
- Experts Already Watching Closely..."Target Price Set at 970,000 Won" Only Upward Momentum Remains [Weekend Money]
- Prime Minister Kim Minseok: "Samsung Electronics Strike Could Cost Up to 1 Trillion Won per Day, 100 Trillion Won Total... Tomorrow's Talks Are the Last Chance" (Comprehensive)
- Did Samsung and SK hynix Rise Too Much?... Foreign Assets Grow Despite Selling [Weekend Money]
- Is It Really Like an Illness? "I Can't Wait to Go Again"—Over 1 Million Visited in Q1, Now 'Busanbyeong' Takes Hold [K-Holic]
This content was produced with the assistance of AI translation services.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
