In today’s briefing:
- Kakao Group Founder Kim Beom-Su Gets Arrested – What’s Next?
Kakao Group Founder Kim Beom-Su Gets Arrested – What’s Next?
- As a result of the arrest of Kim Beom-Su, the near term impact on the Kakao companies (including Kakao Corp, Kakao Bank, Kakao Pay, and Kakao Games) is clearly negative.
- Given that this is a highly publicized event, it is likely that this legal case will be PROLONGED and finally decided by the Supreme Court which could take several years.
- Some of the scenarios include Kakao Group selling partial stakes in Kakao Bank and SM Entertainment but this is likely to get dragged on, resulting in further uncertainty.
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