By Kevin Lim
SINGAPORE (Jan 31) -- South Korea's Kakao Corp, which operates the country's most widely used messaging app, will list global depositary receipts on the Singapore Exchange on Friday, SGX said in a media invitation issued on Wednesday.
Kakao had previously announced plans to issue up to $1 billion worth of GDRs to non-Korean investors to raise funds for acquisitions and further research into advanced technologies like artificial intelligence.
The company is listed on the Korean stock exchange.
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