Kakao holds first group-level investor information event in Hong Kong, Singapore

Kakao Corp. logo [Courtesy of Kakao]

South Korea’s platform giant Kakao Corp. kicked off its first investor relations (IR) event at a corporation level for foreign institutional investors on Monday to unveil its roadmap for new projects such as those involving artificial intelligence (AI).

According to Kakao on Tuesday, the IR session, “Kakao Group Investors Day 2023,” is being held until Thursday in Hong Kong and Singapore. The event targeting institutional investors is joined by four major listed units including Kakao Games Corp. and KakaoBank Corp. and non-listed entities including Kakao Brain Corp. and Kakao Healthcare Corp.

Kim Il-doo, chief executive officer of Kakao Brian, and Hwang Hee, CEO of Kakao Healthcare, are holding personal meetings with foreign investors as the conference is the first offshore IR event since the inception of the two companies.

The joint IR conference focuses on helping investors better understand Kakao’s projects and business governance. Kakao is seeking to promote its growth strategy, Beyond Korea, which is aimed at generating 30 percent of its revenue overseas by 2025. Kakao has been accelerating its entry overseas after its overseas sales topped 1 trillion won ($763.5 million) for the first time last year.

“The conference serves as a platform for us to improve investors’ understanding of our projects and to present a new roadmap of Kakao Brain and Kakao Healthcare,” said an unnamed KaKao official.

Kakao, in particular, is seeking to introduce its plans to investors about the entertainment business following the acquisition of SM Entertainment Co.