NHN Cloud Likely to Adopt Kim Dong-hoon as Sole CEO

Baek Domin Co-Representative to Hold Retirement Ceremony on the 7th

Donghoon Kim, CEO of NHN Cloud

NHN's cloud subsidiary, NHN Cloud, is expected to transition to a sole CEO system under Kim Dong-hoon.

Baek Do-min, co-CEO of NHN Cloud, held a retirement ceremony on the 7th with all employees gathered at the headquarters and stepped down from his co-CEO position. His official term lasts until the end of this year. Although Baek's future plans and successor have not been decided, Kim's sole CEO system is highly anticipated.

Born in 1964, Baek Do-min is a figure who joined the predecessor of the current NHN and Naver, old NHN, after working at first-generation venture companies such as Solbit Media, Hankyung Wow TV, and Wawacom. He served as Chief Information Officer (CIO) in 2006 and later also served as head of HR support. When NHN split from Naver in 2013, he was in charge of NHN's Operations Headquarters, and since 2019, he has led the business as head of NHN's cloud division.

Baek Domin, CEO of NHN Cloud

Baek, who led the launch of NHN Cloud as an independent corporation, co-led the company with Kim Dong-hoon from April 2022. NHN Cloud attracted an investment of 150 billion KRW from Karites Co., Ltd., a special purpose company (SPC) established by IMM Investment earlier this year, entering the ranks of 'unicorn' companies with a corporate value exceeding 1 trillion KRW. The company also recorded a 39% market share in the institutional sector of the public sector cloud transition market in 2022. CEO Kim Dong-hoon expressed his ambition in June to achieve sales of 200 billion KRW in 2023.

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