Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Australia’s December Trade Surplus Expands but Falls Short of Expectations 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Kakao Corp. announces the establishment of Kakao and Daum company-in-company (CIC) as they split up to operate separately. The internet company decided to turn Daum into an independent web portal so it will run as a CIC.
This will allow Daum to do its business on its own but will still be within the bounds of its parent company, Kakao. The South Korean internet company said its separation from Daum is taking place on May 15. The decision for the split comes as the search engine finds it hard to keep up with Naver, its rival that is currently dominating the market.
According to Korea Joongang Daily, as Daum will start operating independently, it will have its own chief executive officer, finance system, employees, and benefits. The division is taking place for the first time since Kakao and Daum merged in 2014.
As the new Daum CIC, the company will scale up the promotion of its main businesses in online communities, media, and search engines. It is also planning to launch new services to keep up with the fast-changing trends in the tech industry and would probably work on artificial intelligence.
In the press release, Kakao Corp. explained it “decided to operate the Daum business division as CIC in order to focus more on the value of Daum service as a search and content distribution platform and achieve results.”
The company added that this is “a strategy to establish an organizational system capable of prompt and independent decision-making, establish goals for the next service, and enhance service competitiveness.”
Hwang Yu Ji has been appointed as Daum CIC’s chief executive officer. He is currently leading the web portal’s business unit. Meanwhile, A CIC in businesses is a kind of subsidiary with its own CEO who will be in full charge of the company.
