Kakao Corp.

07/07/2022 | Press release | Distributed by Public on 07/06/2022 20:06

Response to Rumorsor Media Reports: Undetermined

Response to Rumors or Media Reports: Undetermined
2022-06-15 This announcement is a follow-up to the one released on the date of left cell.
1. Contents of rumors or media reports Meida report on Kakao's sale of Kakao Mobility Stake
2. Channel of rumors or media reports The Korea Economic Daily
3. Distributed date of rumors or media reports 2022-06-15
4. Company's explanation for rumors or media reports
This disclosure is made to clarify a media report about "Kakao sells 8.5 trillion KRW worth of Kakao Mobility" by The Korea Economic Daily on June 15, 2022.

Kakao has been looking into be the second largest shareholder by selling about 10% of Kakao Mobility stake to increase Kakao's shareholders value and the continous growth of Kakao Mobility, but no decisions have been made at this time.

We will re-disclose any details related to this issue within three months or when related matters are confirmed in the future.

(Disclosure Officer) Head of Investment Governance Division Jaehyun Bae
5. Re-disclosure date 2022-10-06
※ Related disclosure 2022-06-20 Response to Rumors or Media Reports: Undetermined