Kakao, 52-week low and down from its peak by 40% amid 10day general strike notice

Kakao 52hit a 40% decline from its peak. This trend was observed in trading that day.

Labor-management tensions at Kakao have continued into their 5year. The union announced a general strike on 10day. The company and the union were reported to be continuing negotiations.

Securities firms have successively lowered their target prices for Kakao. Some brokerages have conservatively reassessed the company’s business outlook. Target levels varied from report to report.

The article also highlighted uncertainty surrounding the artificial intelligence business. Analysts said the stock could be revalued if AI results materialize. Reports differed on when specific AI-related results would emerge.

Retail investors voiced frustration over the sharp drop in the share price. Market participants said the general strike and uncertainty surrounding AI had both weighed on the stock. Relevant disclosures and the progress of negotiations are now in focus.

Analysts' reports described the current period as a “time to prove itself,” saying the company's valuation could change if AI results are confirmed. Further company disclosures and the outcome of labor-management negotiations are expected to affect the share price going forward.