S Korea's tech giant Kakao to spin off business into new AI firm

South Korean technology giant Kakao plans to spin off its chat app-based platform business into a new company, tentatively named KakaoAI, while retaining investment operations under KakaoX. The company expects the new entity to relist on the Korea Exchange on January 27 next year after the planned split on January 1. KakaoAI ​will focus on AI, advertising, and ​KakaoTalk.