SK Telecom will be dividing into two companies, one focused on core businesses and the other on investments and new areas.
Kakao shares rose sharply on Thursday when the internet company resumed trading after a five-way stock split that lowered the value of its stocks from 500 won ($0.45) to 100 won per share.
The shares of internet company Kakao went up on Friday after it announced a stock split the previous day aimed at making the purchase of shares more accessible to investors.
Korea JoongAng Daily Sitemap
