Hanwha raises Kakao Games stock target to KRW 12,000

Published on 10/20/2026 at 00:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue fell 35.20 percent to KRW 75.02 billion in the second quarter. The latest loss gives Kakao Games stock a KRW 23.03 billion turnaround test.

Analyst target and game launch

Hanwha Investment raised its Kakao Games target from KRW 10,000 to KRW 12,000 on October 15, 2026.
Kakao Games reported KRW 75.02 billion in second-quarter revenue, down 35.20 percent year over year.
Mobile-game revenue fell 47.80 percent to KRW 52.70 billion in the second quarter of 2026.

Kakao Games, KR7293490009, Illustration mit AI erstellt.

Kakao Games (ISIN KR7293490009) received a KRW 12,000 price target, up from KRW 10,000, in a Hanwha Investment & Securities report dated October 15, 2026. The report kept a Buy rating and linked the revision to the early performance of new releases and planned acquisitions, as Newspim reported.

Three signals from October

The company launched World of Dokkaebi on October 8, 2026. The title reached number two in revenue on both major app stores by October 11, according to Inven Global.

On October 13, 2026, World of Dokkaebi reached number one on Google Play revenue rankings, while Kakao Games remained responsible for publishing the title. On October 15, 2026, Hanwha Investment raised its target from KRW 10,000 to KRW 12,000, a 20.00 percent increase, according to Newspim.

What sustains the turnaround?

The early game rankings matter because Kakao Games entered the launch period after a weak operating base. In the second quarter of 2026, revenue fell 35.20 percent year over year to KRW 75.02 billion, while the operating loss reached KRW 23.03 billion, as Edaily reported on October 15, 2026.

Mobile-game revenue dropped 47.80 percent year over year to KRW 52.70 billion in the second quarter. That decline leaves the new title's ranking and retention important for the next earnings reset, while Hanwha's KRW 12,000 target stood 21.00 percent above the six-month average target of KRW 9,914 on October 15, 2026.

Next dated company event

Kakao Games has scheduled the end of SMiniz service for November 25, 2026. The company also plans Odin Q: Valkyrie's Call for January 2027, followed by early access for God Save Birmingham in the first quarter of 2027, according to Edaily.

KOSDAQ level and valuation

Kakao Games was last at KRW 10,300 on the KOSDAQ on October 19, 2026 at 3:30 p.m. KST. Its market capitalization was KRW 1.1 trillion, and its 52-week range was KRW 6,780.00 to KRW 18,440.00 on that date.