[2022 National Assembly Audit] Kakao's Kim Beom-su "No Intention to Take Over Management"... Denies Comeback Rumors

Kim Beom-su, Head of Kakao Future Initiative Center, Choi Soo-yeon, CEO of Naver, and Lee Hae-jin, Naver GIO, among other witnesses, appeared on the 24th at the National Assembly for the comprehensive audit of the Ministry of Science and ICT and related audit target organizations, taking the witness oath. Photo by Yoon Dong-ju doso7@

[Asia Economy Reporter Kang Nahum] Kakao founder Kim Beom-su, head of the Future Initiative Center, dismissed rumors of his return to management.

On the 24th, Kim appeared as a witness at the National Assembly's Science, Technology, Information and Broadcasting Committee's audit of the Ministry of Science and ICT. In response to a question from Heo Eun-ah, a member of the People Power Party, asking "Do you have any plans to return to management?" he replied, "I have no intention of returning to management."

Kim said, "A professional manager will demonstrate much greater capabilities than I will in specialized areas," adding, "Kakao has effectively operated without me for quite a long time."

He also added, "As the founder, I am taking the current situation very seriously and will personally do everything I can."

Regarding whether he has urged the management to improve performance or raise stock prices, Kim stated, "Since stepping down as chairman of the board, I have not attended executive meetings," and added, "That role is being handled by CEO Hong Eun-taek."

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