Kim Beom-su, the founder of Kakao, has resigned from his position as co-chair of the Corporate Alignment (CA) Council due to health issues, leaving CEO Chung Shin-a as the sole chair.
The CA Council, which was established in January 2024, plays a crucial role in guiding Kakao’s strategic decisions, including optimizing operations and addressing ongoing legal challenges. Despite stepping down from the council, Kim will continue to lead Kakao’s Future Initiative Center, where he will focus on long-term strategies for the company’s future.
Kim’s resignation comes at a time when he is under investigation for alleged stock price manipulation during Kakao’s acquisition of SM Entertainment. In July 2024, he was arrested and later released on bail in October.
In other company developments, Kakao has completed the work of its management overhaul committee and is shifting its reform efforts to internal teams. Additionally, Kakao plans to spin off its web portal unit, Daum, into a separate entity to allow for more agile decision-making.
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