this is awhile ago i cant find the one i recall.
[Alpha Biz=(Chicago) Reporter Kim Jisun] Kakao Entertainment will seek to raise up to 100 billion won through the sale of its stake in its subsidiary ...
alphabizkr.com
Vice President Seo sold 70% of his 100% stake in Starship to former Loen Entertainment in December 2013 for about 15 billion won, and Loen was later acquired by Kakao.
In 2019, Kakao Entertainment and some executives of the company carried out paid-in capital increase and completed the formation of current shareholders such as Kakao Entertainment (59.73%) and Seo Hyun-joo (19.46%). It is necessary to sell the stake by next year by specifying the conditions for listing (IPO) within five years in the contract at the time of bequest.
now kakao seems to want about 70million s for that 70% share which seems high given that they paid not much more for SM