[Asia Economy Reporter Buaeri] Kakao announced on the 25th that the reappointment of co-CEOs Yeominsu and Josuyong was confirmed at the regular shareholders' meeting. The CEO term is two years, until the 2022 regular shareholders' meeting.
At the shareholders' meeting held at the Jeju headquarters on the morning of the same day, CEO Ye said, "At the gateway to leap into a new decade, I believe our mission is to lead Kakao to continuously innovate and evolve by resolving everyday inconveniences," adding, "Considering Kakao's impact on society, we plan to continuously expand our role in proactively addressing various social issues."
CEO Jo also said, "We will work intensely with our crew to ensure Kakao contributes to creating a better world through people and technology," and added, "We will do our best to deliver greater value to users, partners, stakeholders, and shareholders."
At the shareholders' meeting, the reappointment of inside directors Kim Beom-su, Yeominsu, and Josuyong was also approved. Three new outside directors were appointed to strengthen independence, expertise, and diversity. The newly appointed outside directors are Yoon Seok, CEO of Yoon & Co., Choi Se-jung, Professor of Media Studies at Korea University, and Park Saerom, Assistant Professor of Convergence Security Engineering at Sungshin Women's University. Professor Cho Gyu-jin of the Department of Mechanical and Aerospace Engineering at Seoul National University was reappointed.
▲ Approval of financial statements ▲ Partial amendment of the articles of incorporation ▲ Appointment of audit committee members ▲ Approval of director remuneration limits ▲ Approval of stock option grants, among a total of six agenda items, were passed as originally proposed.
Kakao stated, "Centered on the leadership of CEOs Ye and Jo, we plan to further expand synergy among Kakao's community, strengthen platform competitiveness, fulfill social responsibilities, and accelerate IT innovation."
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