Kakao Enterprise Corp. announced a private placement of 766,882 common shares at an issue price of KRW 153,600 per share for gross proceeds of KRW 117,793,075,200 on May 12, 2022. The transaction included participation from Kakao Corp.

for 651,042 shares. The transaction was approved by board of directors of the company. The transaction is expected to close on June 13, 2022.

The securities are issued through shareholders allocation method.