Next-generation tech buoys Kakao’s $1b GDR issue

South Korean internet giant fills war chest for overseas expansion – with a focus on artificial intelligence and fourth revolution technologies.

Internet giant Kakao raised $1 billion from Asia’s largest global depositary receipt (GDR) sale in 11 years this week as it seeks to further its ambitious goal of developing next-generation technologies.

¬ Haymarket Media Limited. All rights reserved.

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