<Anchor> The
stock prices of Kakao affiliates, which were selected as Korea's representative growth stocks, are falling side by side.
Analysts say that this is due to the repeated so-called 'split listing' by separating businesses that make money, but Kakao announced plans to list a new affiliate again.
This is reporter Im Tae-woo.
<Reporter> The
stock price of Kakao Group fell helplessly.
Kakao fell by 7%, Bank by 9%, and Pay by over 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 is falling endlessly as the management sells their share of stock options all at once.
[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.
The outlook for earnings is also bleak, but securities companies are of the view that the stock price of Kakao Group will remain weak for the time being unless there is a measure to protect shareholders.