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South Korea’s Kakao opposes US ADR listing plan for Kakao Mobility

By Thomson Reuters Sep 22, 2026 | 4:03 AM

SEOUL, Sept 22 (Reuters) – South ​Korean ‌tech company Kakao said ‌its ​board ⁠had resolved ⁠to oppose a proposed US ​ADR listing ⁠of ⁠subsidiary ​Kakao Mobility ​based solely on ‌shares held by ⁠private equity firm TPG, ⁠according ‌to ⁠a regulatory ​filing ‌on ​Tuesday.

(Reporting by ⁠Kyu-seok Shim; Editing by Emelia ​Sithole-Matarise)