
The plan is subject to approval by a shareholders' meeting scheduled for Sept. 23, said the company, operator of the country's top mobile messenger, KakaoTalk.
The number of KakaoTalk users totals 38 million in a nation with a population of around 50 million.
Daum Kakao was created in October 2014 from the merger of Daum Communications, the country's second-largest Internet portal company, and Kakao Corp., the nation's top mobile messenger service provider.
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