Kakao Junshinwi Recommends Establishing Improvement Measures for Executive Appointments Including 'Muk-Twi Executives'

The Compliance and Trust Committee (hereinafter referred to as the Compliance Committee), an independent body supporting compliance and trust management of Kakao affiliates, recommended on the 14th that Kakao establish improvement measures regarding the controversy over the appointment of new management.

The Compliance Committee advised Kakao to establish ▲ measures to resolve the reputational risks arising from certain management appointments ▲ and measures to prevent and manage similar reputational risks in the future.

Jung Shin-ah, the appointed CEO of Kakao, sparked controversy by appointing Jung Kyu-don, former CTO of KakaoBank and involved in a past embezzlement controversy, as Kakao's next CTO. The management appointments, which did not meet societal expectations, drew criticism both inside and outside the company.

This recommendation is the second following the one on the 20th, which proposed implementation plans on three agendas: 'responsible management,' 'ethical leadership,' and 'restoration of social trust.'

The Compliance Committee stated, "We will review and work together to ensure that Kakao's new leadership can proceed in line with society's expectations."

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