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Business trends

Kakao's record earnings overshadowed by stock fall

South Korean chat app operator drops 11.8% after $1 billion share issuance and global stock dip

SEOUL -- Kakao saw record-high earnings for last year, driven by strong growth in advertisements and content sales, the internet company said Thursday. But the good news is being overshadowed as investors dump the company's stock over worries about Kakao's $1 billion worth of new share issuance in Singapore last week.

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