Kim Beom-su Takes Charge of Crisis Management... Leads Kakao Management Innovation Committee

Launch of Kakao Management Innovation Committee
Kim Beom-su "Will Lead in Overcoming the Crisis"

"As the founder and major shareholder, I will return to the mindset of the founding days and take the lead in overcoming the crisis."

Kim Beom-su, founder of Kakao and head of the Future Initiative Center, has stepped to the forefront of crisis management. He has launched a Management Innovation Committee to lead the group's transformation and will serve as its chairman. He will also personally oversee the pressing issues faced by affiliates, which are under comprehensive pressure due to allegations of accounting fraud and concerns over infringement on local businesses.

Kim Beom-su, former chairman of Kakao, is appearing at the Financial Supervisory Service on the 23rd to be investigated for allegations of stock price manipulation related to the acquisition of SM Entertainment. Photo by Kang Jin-hyung aymsdream@

On the morning of the 6th, Kakao held the second community management meeting attended by about 20 executives including Kim, where they decided to launch the 'Management Innovation Committee.'

Kim will serve as the chairman, and major community CEOs will participate. The Management Innovation Committee will lead the overall change and innovation of the Kakao community until the current crisis is overcome.

During the meeting, discussions were held on the establishment and operation of the 'Compliance and Trust Committee,' as well as specific measures regarding current issues such as mobility commission fees. Key Kakao stakeholders will also participate in the activities of the 'Compliance and Trust Committee,' an external body that monitors compliance and ethical management of Kakao affiliates. The committee will serve as a strong enforcement body to strengthen compliance monitoring and internal control systems of individual affiliates.

The meeting also included discussions on reform plans for Kakao Mobility, including franchise taxi commissions. Until now, major issues of affiliates were decided independently by each company, but Kim personally stepped in to manage the current issues. Kakao Mobility is preparing an urgent meeting with taxi organizations to completely overhaul the taxi commission system. They are coordinating schedules with major taxi organizations and plan to proceed with a comprehensive reform of the commission system based on the opinions gathered at this meeting.

At the meeting, Kim told the community CEOs, "Until now, we have respected the autonomy and responsible management of each community by granting authority, but as the founder and major shareholder, I will return to the mindset of the founding days and take the lead in overcoming the crisis by fulfilling my responsibilities." He added, "To do this, I will meet directly with various stakeholders and communicate actively on the ground." He continued, "Kakao is now a national platform and a national company, so each community should no longer perceive itself as a startup," emphasizing, "We must focus on responsible management to meet the social expectations that society demands from Kakao today."

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