Shin Jong-hwan, Kakao’s chief financial officer, said on a first-quarter 2026 earnings conference call on Wednesday that the company is carrying out a governance simplification plan that has reduced the number of consolidated subsidiaries to 93. He said the total number of affiliates is expected to fall to about 87 once procedures related to gaming unit Kakao Games are completed.
Shin said the planned restructuring of Kakao Games this year, following the sale of a stake in Kakao Healthcare at the end of last year, is aimed at building a structure in which each business can grow with partners that have strong expertise and execution capabilities. He said Kakao will step down as the largest shareholder but remain as a minority shareholder, allowing it to share in gains from future growth and rising value of the businesses.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.