Kakao to merge dk techin and Kakao Mind

South Korea’s Kakao Corp mentioned on Aug. 23 that its cellular options improvement subsidiary dK Techin Corp. will merge with its AI know-how member Kakao Mind.

The merger is anticipated to take impact on 1 October.

DK Techin, which makes a speciality of methods integration (SI) and IT help companies inside Kakao subsidiaries, can be built-in into Kakao Mind.

This transfer is a part of Kakao’s ongoing efforts to streamline its subsidiaries.

The corporate has already lowered the variety of its subsidiaries from 138 to 123 this 12 months.

Previous to this merger, DK Techin merged with KEP, a former subsidiary of Kakao Enterprise, in March.

Kakao Mind plans to spin off its healthcare division to ascertain a brand new firm referred to as CXR Lab.

Moreover, Kakao Mind’s AI improvement workforce was absorbed into Kakao in June.

Write to Ju-Hyun Lee at deep@hankyung.com