Kakao Games extends 8 billion won loan to impaired Meta Bora

Kakao Games has provided an additional 8 billion won ($5.8 million) long-term loan to its Web3 subsidiary Meta Bora, lifting the unit's total borrowing from the parent to about 17 billion won ($12.3 million). News Tomato reported the financing was provided on July 30, with a two-year maturity and a 4.6% annual interest rate. Meta Bora plans to use 7 billion won ($5.1 million) of the funds to repay a real estate-backed loan from Shinhan Bank, with the remainder allocated to operating expenses. The subsidiary, which oversees Kakao Games' blockchain and Web3 business, has remained in full capital impairment since 2022, underscoring that the funding is supporting debt management and operations rather than signaling a fresh expansion push.

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Kakao Games extends 8 billion won loan to impaired Meta Bora - CoinPost Terminal