Kakao Compliance Committee Establishes Subcommittees for 'Compliance System' and 'Trust & Win-Win'

The 'Compliance and Trust Committee' (hereinafter referred to as the Compliance Committee), an external body supporting the compliance and ethical management of Kakao affiliates, held a meeting on the 8th and resolved to establish two subcommittees: 'Compliance System' and 'Trust & Win-Win.'

Each subcommittee is tasked with preparing agenda items that need to be reviewed at the overall committee level for efficient and professional operation of the Compliance Committee.

The 'Compliance and Trust Committee' (hereinafter referred to as the Compliance Committee), an external organization supporting compliance and ethical management of Kakao affiliates, held its first meeting on the 18th of last month.
[Photo by Kakao Compliance Committee]

First, the Compliance System Subcommittee consists of Chairperson Kim So-young, and members Ahn Soo-hyun (Professor at Hankuk University of Foreign Studies Law School) and Lee Young-joo (Chairman of Gyeonggi Social Economy Center). They plan to derive directions for system improvement and operational plans to ensure that Kakao affiliates properly implement compliance management.

The Trust & Win-Win Subcommittee is composed of Kim Yong-jin (Director of the Good Management Research Institute), Yoo Byung-joon (Professor at Seoul National University Business School), and Lee Ji-woon (Head of Strategic Planning at Seoul Shinmun). They will assess various risks and prepare improvement plans to restore Kakao’s trust.

During the meeting, following the first session, the current status of compliance systems and ethical regulations of partner companies were also reviewed. Compliance officers from Kakao Bank, Kakao Pay, and Kakao Entertainment attended to explain their systems and responded to questions from the committee members. At the first meeting on the 18th of last month, compliance officers from Kakao, Kakao Mobility, and Kakao Games had attended.

Additionally, the Compliance Committee met with the Kakao labor union, 'Crew Union' (National Chemical, Textile, and Food Industry Labor Union Kakao Branch), to hear opinions on Kakao’s reform directions. Starting with the Crew Union, the Compliance Committee plans to continuously meet with representatives of partner companies as well as employees and executives to listen to their views on Kakao’s current status and future direction.

Chairperson Kim said, "To improve the compliance system, which is the top priority task for Kakao to regain public trust, and to practice trust and win-win management, we plan to organize subcommittees for each case to systematically establish agenda items and conduct effective supervision. Having communicated and listened to various stakeholders including compliance officers, labor unions, employees, and management, we will now proceed with discussions for Kakao’s changes at a faster pace."

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