Chuncheon, Gangwon Province-There is not a single telephone inside the office of Ryu Young-joon, a pathologist and professor at Kangwon National University Hospital located in the eastern city of Chuncheon.
As the stock prices of key Kakao affiliates continue to plunge, employees at KakaoBank and Kakao Pay, who spent hundreds of millions of won to purchase their company s stocks when they went public last year, are suffering from snowballing losses. The stock prices of KakaoBank and Kakao Pay have been falling to new lows for consecutive sessions lately. KakaoBank s stock price ended at an all-time low of 16,550 won ($11.56) on Thursday, down 6.76 percent. Kakao Pay s stock price also logged a record-low of 34,400 won, displaying a losing streak for seven consecutive sessions. Both companies stock prices nosedived to less than one sixth of their value logged during the early months of their listing on the benchmark KOSPI last year.
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