Kakao names Kim Do-young as co-chair of group control tower
Mobile platform giant Kakao Group named Kakao Investment CEO Kim Do-young as co-chair of the group’s control tower, ahead of the planned spin-off of its flagship unit Kakao Corp. Kakao Group said Monday that its CEOs agreed to appoint Kim as co-chair of the Corporate Alignment (CA) Council. Kim will lead the council alongside existing CA Council Chair Chung Shin-a, who is also CEO of Kakao Corp.…
Kakao Group has appointed their CEO, Kim Do-young, as co-chair of the group's control tower. This move comes ahead of the planned spin-off of the company's flagship unit, Kakao Corp. Kim will join existing CA Council Chair, Chung Shin-a, in leading the council. The appointment is meant to maintain continuity in crucial decision-making and improve organizational stability prior to the separation.
Kim, an investment specialist, previously held positions at Samsung Securities and Kolon Mobility Group. This change aligns with the proposed spin-off, where Kakao Corp. will be divided into Kakao AI, focusing on KakaoTalk, AI, and advertising.
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