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South Korea's Kakao Corp lists GDRs on SGX Mainboard

Samantha Chiew Published on Fri, Feb 02, 2018 / 12:04 PM GMT+8

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SINGAPORE (Feb 2): South Korea’s leading mobile lifestyle platform company Kakao Corp today listed Global Depository Receipts (GDR) on the Mainboard of Singapore Exchange (SGX) today.

The shares underlying Kakao Corp are listed on the Korea Stock Exchange.

Launched on Oct 1, 2014, following the merger of one of Korea’s leading web service companies, Daum Communications Corp, and Korea’s pioneer in mobile services, Kakao Corp, the group has an estimated market capitalisation of US$8.8 billion ($11.5 billion).