Kakao CA Council Forms 5 Committees...Strengthening Affiliate Control

The CA Council, the control tower of the Kakao Group, has decided to establish five committees under its umbrella to strengthen control over subsidiaries, including investment execution.

On the 13th, the Kakao CA Council held a group meeting attended by 13 CEOs of affiliated companies under agreement, including co-chairs Beom-su Kim and Jeong-shin A. The CA Council is an independent body that coordinates the group's interests and forms consensus.

At the meeting, the CA Council decided to strengthen processes related to new investment execution and attraction, share sales, and governance changes. Affiliated companies under agreement established a principle that before final decision-making, risk reviews by each committee of the CA Council will be conducted, followed by reports to the Compliance and Trust Committee. This is to enhance internal and external verification and control systems beyond previous levels to achieve growth that meets societal standards and trust.

Along with this, the CA Council decided to establish the following committees under its umbrella: the Management Innovation Committee, Strategy Committee, Brand Communication Committee, ESG Committee, and Responsible Management Committee. Special-purpose task forces (TFs) will be operated flexibly as needed.

The Management Innovation Committee will continue to be chaired by Beom-su Kim, leading change and innovation across the Kakao Group. The Strategy Committee will be chaired by Jeong-shin A, the designated CEO of Kakao. This committee will review key issues and key performance indicators (KPIs) that could impact the group, as well as investments.

To strengthen the Kakao Group’s brand and messaging strategy, the Brand Communication Committee has been newly established. The chairperson is Inari Lee, former Vice President of Communications at Kurly. Chairperson Inari Lee has served as Executive Director at Samsung Group’s Cheil Worldwide, founding Center Director of D.CAMP at the Bankers’ Young Entrepreneurs Foundation, and editorial writer at JoongAng Ilbo. The CA Council expects Chairperson Lee to transfer the expertise and know-how she has accumulated across various fields to the entire Kakao Group.

The ESG Committee will be chaired by Dae-yeol Kwon. The ESG Committee will collaborate with the external body, the Compliance and Trust Committee, which monitors compliance and ethical management of Kakao affiliates while communicating with diverse stakeholders and society. The Responsible Management Committee, which handles regular audits, compliance, ethics, and legal issues, will be temporarily co-chaired by Dae-yeol Kwon.

Each committee will identify agendas that need to be discussed at the group level within their respective areas and provide opinions related to direction and policies. The chairpersons will refer to these inputs to decide on advisory and recommendation opinions for each affiliated company under agreement. They will take responsibility for resolving group-level issues in their respective fields.

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