Kakao Plans to Sell 1 Trillion Won Worth of Dunamu
Kakao Corp announced that it plans to sell about 1 trillion won worth of Dunamu shares, representing 6.55% stake.
Dunamu is in the process of merging with Naver Financial. Given that Kakao and Naver are arch competitors, Kakao has decided to reduce its stake in Dunamu.
Kakao Corp is trading at P/E of 30.2x in 2026 and 25.1x in 2027 which appear expensive, especially given the company’s weak sales growth (single digits annually next three years).
