Chung Shin-a, CEO of Kakao, delivering a keynote speech. Kakao plans to streamline non-core businesses in its content division, focus on its gaming sector, and further enhance its efforts in AI service development. (Image courtesy of Yonhap)
SEOUL, Feb. 11 (Korea Bizwire) — South Korean internet service giant Kakao Corp. said Wednesday its board has approved a plan to reappoint Chief Executive Officer (CEO) Chung Shin-a as the company’s leader for another two-year term.
In a regulatory filing, the company said the board passed the proposal earlier in the day. It will be put to a vote at the company’s annual general shareholders meeting scheduled for March 26.
The CEO term of Chung, who took office in March 2024, is set to end next month.
The reappointment is widely expected to gain approval, as Kakao is forecast to report record earnings for last year on Thursday, according to industry watchers.
(Yonhap)
