South Korea's crackdown on its tech giants has cost Kakao and its subsidiaries more than RM66.11bil in market value this month, after the company was dubbed "a symbol of greed.” — Bloomberg
Kakao Corp. and its listed subsidiaries have lost more than US$16bil (RM66.11bil) in market value this month as South Korea ramps up its own version of tech crackdowns.
Kakao itself has shed nearly US$10bil (RM41.32bil) as foreign and local institutional investors dumped the stock after prominent lawmakers called the nation’s biggest messaging and social media service a "a symbol of greed.”
