[2021 National Assembly Audit] Kakao's Kim Beom-su: "K Cube Holdings to Transform into a Company Fulfilling Social Responsibility"

[Asia Economy Reporter Buaeri] Kim Beom-su, chairman of the Kakao board, stated on the 5th that he is preparing to transform K-Cube Holdings into a company that fulfills its social responsibilities.

Chairman Kim made these remarks during the National Assembly's Political Affairs Committee audit in the afternoon, responding to criticisms regarding K-Cube Holdings. K-Cube Holdings is a company wholly owned by Chairman Kim and is the second-largest shareholder of Kakao. Recently, it was reported that Chairman Kim's children have been working at this company, which sparked controversy.

On the same day, Yoon Chang-hyun, a member of the People Power Party, criticized Chairman Kim about K-Cube Holdings' investment details, asking, "What exactly is the identity of K-Cube Holdings?" and pointed out, "Is it a playground for the family’s financial investments?"

In response, Chairman Kim explained, "After establishing Kakao, K-Cube Holdings halted all business operations due to conflicts of interest."

He added, "I apologize for causing controversy," and responded, "I will expedite the schedule for the transformation of K-Cube Holdings to prevent any further issues."

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