Ryu Geung-sun Reappointed as CEO of Kakao Mobility: "Restoring Trust Through Management Reform"

Kakao Mobility held its 7th regular general meeting of shareholders on the 27th and reappointed CEO Ryu Geung-seon as an inside director.

At the meeting, three agenda items?approval of the financial statements, appointment of directors, and approval of the director remuneration limit?were presented and passed as originally proposed.

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Kakao Mobility prepared and approved its 2023 financial statements using the net method. Respecting the recent interpretations and guidelines from the Financial Supervisory Service, the regulatory authority, and to prevent confusion among users of accounting information, Kakao Mobility had previously restated and disclosed the financial statements for the past three years (2020-2022) applying the net method.

Regarding the appointment of directors, CEO Ryu was reappointed as an inside director. Since March 2020, CEO Ryu has served as the sole representative of Kakao Mobility. Despite challenging internal and external environments, he has been recognized for his efforts to secure the company’s mid- to long-term growth engines, collaborate with various stakeholders within the industry, invest in future mobility technologies, and expand globally.

Through CEO Ryu’s reappointment, Kakao Mobility plans to continue addressing ongoing investigations sincerely, prepare service reform plans discussed with the taxi industry, and consistently tackle urgent tasks such as promoting mutual growth and strengthening responsible management.

CEO Ryu stated, “I take the various concerns surrounding the company very seriously,” adding, “We will strive to establish a sustainable win-win management system through management innovation and restore social trust.”