Kakao shares slump as outage triggers demand for regulatory scrutiny

Kakao shares slump as outage triggers demand for regulatory scrutiny

An employee of mobile messager Kakao Talk displays the mobile game "Anipang" on a smartphone at the company in Seongnam, south of Seoul, March 26, 2013. REUTERS/Lee Jae-Won

Shares of South Korea’s Kakao Corp plunged on Monday after a widespread outage in the country’s largest mobile chat app triggered a sharp political backlash and calls for increased scrutiny of the company’s market dominance.

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