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Everyone says the stock market is difficult these days, but among them, the stock prices of Kakao affiliates have fallen sharply.

It is analyzed that this is because the loss to shareholders has increased as the parent company Kakao has repeatedly removed the net businesses and re-listed them separately.



Reporter Im Tae-woo will tell you.



<Reporter> The



stock price of Kakao Group also fell helplessly today (the 7th).



Kakao fell by 7%, Bank by 9%, and Pay by more than 14%.



The parent company, Kakao, divided the businesses that made good money into Bank, Pay, and Games, and 'split listing' in turn.



At first, it was popular enough to be called the national stock, but the performance fell short of expectations, and the stock price continues to fall as executives sell their share of stock options all at once.



More than 2 million small investors and employees who bought our stock with confidence in the management suffered huge losses.



[Our employee stock investor: It seems to have exceeded minus 50%?

My stomach hurts.

I ride a lot.

It's not even a penny or two, and depending on personal circumstances, the really young people are young and then it's harder.]



In this situation, Kakao announced a plan to separate the core game company from Kakao Games next month and list it again through a split.



Major shareholders can raise additional investment up to KRW 600 billion while maintaining their stake.



However, existing shareholders object that the stock price will fall further if the core business goes down.



About 13,000 people participate in a public petition to prevent listing.



[Seong Tae-yoon/Professor, Department of Economics, Yonsei University: If the shareholder protection mechanism is not sufficient, it may damage the corporate value as well as infringe the interests of individual shareholders.

.]



Even though the outlook for earnings is bleak, the view of securities companies is that the stock price of Kakao Group will remain bearish for the time being unless measures to protect shareholders are taken out.



(Video coverage: Park Hyun-chul, video editing: Kim Byung-jik)