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(Photo= Yonhap news) |
[Alpha Biz= Reporter Kim Jisun] Kakao is continuing to streamline its business by divesting subsidiaries unrelated to its core operations. According to the IT industry on the 18th, Kakao recently completed the exclusion of Wyatt, the company behind the "Kakao Hairshop" service, from its list of affiliates as of the 14th.
Earlier in May, Kakao Investment, a subsidiary of Kakao, sold its 38.9% stake in Wyatt, and the company also filed the necessary reports to the Fair Trade Commission for the exclusion of the subsidiary.
As a result, Kakao's total number of domestic subsidiaries has decreased to 123, down from 144 at the same time last year and 138 at the beginning of this year.
Kakao is accelerating its efforts to divest non-core businesses. In a half-year report released on the 13th, Kakao announced that Kakao VX decided to exit several of its key businesses, including golf equipment, healthcare platforms, and the NFT (Non-Fungible Token) business.
The companies that have been divested this year, such as Aewins (character toys and children's products), Beacon Holdings (food services), and Xtriple (real estate leasing), were not closely related to Kakao's core operations.
Kakao plans to continue focusing on its main areas, such as KakaoTalk and AI, while divesting businesses with less relevance to its core strategy.
AlphaBIZ Kim Jisun(stockmk2020@alphabiz.co.kr)
