Kakao Corp. to absorb Kakao Investment Co., Ltd.

Kakao Corp.'s board of directors resolved on 2026-08-21 to absorb its subsidiary, Kakao Investment Co., Ltd., through a small-scale merger (board approval replaces shareholder vote). The merger agreement was dated 2026-08-24, and the merger ratio is 1.0000000 : 0.0000000. The merger is scheduled to take effect on 2027-02-01. In its latest fiscal year, the counterparty reported total assets of KRW 2.77 trillion, total liabilities of KRW 404.10 billion, total equity of KRW 2.37 trillion, revenue of KRW 1.26 million, and net income of KRW 20.78 billion.