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Despite managing a superstar like IU, Kakao Entertainment suffered an operating loss last year for the first time in seven years, casting a shadow over its ambitious IPO plan. The unusual poor profitability of a major entertainment and content powerhouse hurts especially more, as its competitors, including HYBE and JYP Entertainment, are enjoying stock price rallies lately with their all-time-high earnings. ....
EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions. ....