Kakao Disposes of 10 Billion KRW Worth of Treasury Shares... Namgoong Hoon Appointed as New CEO
[Asia Economy Reporter Myunghwan Lee] Kakao announced on the 29th that it has decided to dispose of 97,761 shares of its treasury stock to achieve performance goals aimed at strengthening retention of outstanding talent and enhancing corporate value.
The disposal price per share is 105,000 KRW, and the total expected disposal amount is 10,264,900,000 KRW. The disposal period is scheduled from the 30th of this month to June 29.
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On the same day, Kakao disclosed that through a board resolution, Namgung Hoon, the current head of Kakao OTF, was newly appointed as CEO.
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