Kakao Discloses Annual Large Business Group Status... Overseas Affiliate Equity Structure Revealed, No Change in Control

Kakao disclosed the general and shareholder status of six overseas affiliates (Kakao Piccoma Corp., Kakao Games Europe B.V., DREAM MAKER Entertainment Ltd, SMEJ Holdings, INC., SM ENTERTAINMENT JAPAN Co., Ltd, EVERYSING JAPAN CO., LTD.) based on the same person Kim Beom-su.
Among overseas affiliates, Kakao Piccoma Corp. is held by Kakao Corp. (72.90%) and Kakao Entertainment (18.22%), resulting in an internal shareholding ratio of 91.71%.
Kakao Games Europe B.V. is 100% owned by Kakao Games Corp., and DREAM MAKER Entertainment Ltd is 76.98% owned by SM Entertainment Co., Ltd., clearly showing the group's governance structure.
No cross-shareholding or circular investment among overseas affiliates was identified, and there are no changes in board composition or management control.
[AI Comprehensive Analysis]This disclosure is a routine governance report with no direct positive or negative impact on corporate value. While it enhances transparency by reaffirming clear equity relations within the group, it is unlikely to cause meaningful stock price movements.