[Concall] Kakao "Maintaining Business Direction This Year... Limiting Labor Cost Increase"

Hong Eun-taek, CEO of Kakao, predicted that the business direction would not change significantly after the appointment of Jeong Sin-ah as the new CEO.

On the 15th, during the conference call for the Q4 earnings announcement last year, CEO Hong said, "There were no major disagreements with Jeong Sin-ah, the designated CEO, regarding the business direction carried out last year, so we plan to continue the business with continuity." He added, "However, there may be adjustments in intensity for certain businesses."

Workforce efficiency will also continue. Choi Hye-ryeong, Chief Financial Officer (CFO) of Kakao, stated, "We plan to maintain workforce efficiency and a conservative hiring policy, so the increase in labor costs will be limited."