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According to South Korea's “Seoul Economic Daily”, citing unnamed sources in the investment industry, Kakao is discussing the sale of its portal Daum with Upstage, a South Korean artificial intelligence startup. Kakao holds all of Daum's parent company AXZ, and the company may transfer control of Daum's operations through a share exchange with Upstage. Upstage is currently preparing for an initial public offering early next year.

Zhitongcaijing·12/22/2025 00:33:02
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According to South Korea's “Seoul Economic Daily”, citing unnamed sources in the investment industry, Kakao is discussing the sale of its portal Daum with Upstage, a South Korean artificial intelligence startup. Kakao holds all of Daum's parent company AXZ, and the company may transfer control of Daum's operations through a share exchange with Upstage. Upstage is currently preparing for an initial public offering early next year.