Kakao merger at risk as shareholder opposition nears 20%

Kakao shareholders owning nearly 20% of shares oppose the planned merger, putting the deal at risk. From August 21 to September 17, the company's shares fell by about 6%.

• Shareholders with nearly 20% of Kakao shares oppose the merger
• Kakao shares fell about 6% from August 21 to September 17
• The merger deal is at risk of falling through