Kakao Mobility Transitions to Sole CEO Structure with Ryu Geung-seon

"Kakao Mobility to Sustain Growth and Accelerate Technological Innovation"

Ryu Geung-seon, CEO of Kakao Mobility

[Asia Economy Reporter Jin-gyu Lee] Kakao Mobility is transitioning to a sole CEO system under Ryu Geung-sun.

Kakao Mobility announced on the 20th that it resolved to switch to a sole CEO system at the regular shareholders' meeting.

Kakao Mobility was spun off from Kakao in August 2017 and has been expanding its business foundation under the co-CEO system of Jung Joo-hwan and Ryu Geung-sun since June last year.

CEO Ryu began his career as a developer at Danal, a mobile content provider, and in 2000 developed the world's first mobile phone payment system. He later served as CEO of Danal and CEO of Danal Europe. He joined Kakao Mobility as Vice President of Strategy in 2018 and was appointed co-CEO in June last year.

He is recognized for his high understanding of IT technology as well as his experience and leadership as a professional manager, expected to accelerate Kakao Mobility's sustainable growth and technological innovation.

Jung, the former CEO who launched Kakao Mobility as a leading domestic mobility company by starting Kakao Taxi in 2015 and launching the comprehensive mobility platform 'Kakao T,' moved to a new position as head of Kakao's new business last month while concurrently serving as co-CEO of Kakao Mobility. He plans to step down from the co-CEO position at Kakao Mobility and focus on discovering future businesses that will become Kakao's new growth engines.

This content was produced with the assistance of AI translation services.