It's an interesting word, and one which has become almost universal.
In Australia we have a TV network SBS, which broadcasts TV programmes and movies in their original languages. I have heard "okay" used, with its established meaning, in a Chinese language movie, a French movie and an Italian TV series, and those are just the ones where I noticed and remembered.
If Carl Hiassen's Star Island is anything to go by, okay is already being abbreviated in speech to 'kay. And somewhere I've even seen just 'k'.
So we have the happy circle of an abbreviation turned into a word, and now being abbreviated again.
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