Kakao Pay Establishes ESG Promotion Committee as Official Body Within the Board of Directors

Composed of 2 Outside Directors and 8 Internal Executives
To Be Formalized as a Board Through Next Year's General Meeting

[Asia Economy Reporter Minwoo Lee] Kakao Pay is establishing an ESG (Environmental, Social, and Governance) Promotion Committee. Through this, the company plans to pursue sustainable management.

Kakao Pay announced on the 24th that it has established an ESG Promotion Committee as the highest decision-making body under CEO Shin Won-geun. The committee consists of a total of 10 members, including two outside directors Kang Yulli and Bae Young, and eight internal executives. An ESG Secretariat and an ESG Working Council have also been established within the Promotion Committee. Next year, it is scheduled to be formally established as a committee within the board of directors through the general shareholders' meeting.

The ESG Promotion Committee will carry out tasks such as ▲ establishing ESG strategies and policies ▲ approving ESG-related policies ▲ monitoring and reviewing the progress of ESG strategy implementation. Starting with the establishment of the ESG Promotion Committee, Kakao Pay plans to strengthen ESG management and publish a sustainability management report next year to communicate with shareholders, investors, users, and local communities.

Additionally, Kakao Pay intends to actively participate in ESG implementation activities promoted at the Kakao Group level, including the 'Barrier-Free Initiative' to enhance digital accessibility and the 'Active Green Initiative' principles to respond to the climate crisis.

Shin Won-geun, CEO of Kakao Pay, said, "Starting with the launch of the ESG Promotion Committee, we will strive for systematic ESG management. Through sufficient communication and feedback processes, we will reflect diverse perspectives and actively embrace the demands of society to continue sustainable growth."