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Kakao shares gain 9.68% as $108 million treasury-share cancellation boosts stock

Nov 7, 2026 12:32 (2d ago)

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Kakao announced a $108 million treasury-share buyback and cancellation.
Kakao shares rose 9.68% this week despite an 11.71% Kospi decline.
Ten securities firms cut Kakao target prices over delayed AI monetization and weaker content revenue.