THE INVESTOR

Kakao to suspend trading due to 5-for-1 stock split next week

Kakao to suspend trading due to 5-for-1 stock split next week

　Trading in shares of Kakao, South Korea’s top mobile messenger operator, is set to be suspended for three days from April 12, following its decision to carry out its first-ever stock split. 　By lowering the face value of its stocks by 80 percent, the split makes it easier for small investors to purchase shares. It will increase the number of issued shares to 443,523,100 from 88,704,620 shares -- each shareholder will get five new shares for each one they currently hold. The newly split

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