Kakao Appoints Yeo Min-su and Ryu Young-jun as Co-CEOs
[Asia Economy Reporter Buaeri] Kakao announced on the 25th that it has appointed Yeo Minsu and Ryu Youngjun as co-CEOs.
Ryu, the new CEO, currently serves as the CEO of Kakao Pay. Kakao decided to reappoint CEO Yeo, judging her to be the right person to take responsibility for solving social issues promised by the Kakao community this year. Shin Wongeun, Vice President of Strategy, will take over as CEO of Kakao Pay.
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The two appointed CEOs are expected to be officially appointed as CEOs after the shareholders' meeting and board meeting scheduled for March. The company explained that CEO Cho Sooyong has conveyed that he does not intend to seek reappointment after his term expires next year.
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