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Media & Entertainment

South Korea's Kakao Games surges 30% in stock market debut

Investors bet social distancing measures will fuel growth for 'PUBG' publisher

SEOUL -- Kakao Games surged 30% in its stock market debut in Seoul on Thursday, hitting the daily share price limit as investors expect further growth for the game publisher amid widespread social distancing measures.

The game publisher, a unit of internet company Kakao, saw its share price hit 62,400 won in the morning from its starting price of 48,000 won. Its IPO price was 24,000 won.

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