[THE INVESTOR] Kakao, operator of Korea’s top mobile messenger app KakaoTalk, on March 16 named Yeo Min-soo and Joh Su-yong as its new co-CEOs.
Kakao’s former CEO, Rim Ji-hoon will now act as the company’s advisor for future strategy, the company said in a press release.
The decision was made at a board of directors’ meeting held on the southern resort island of Jeju, Kakao said.
In addition, inside director Song Ji-ho, and outside directors Cho Min-sick, Choi Jae-hong, Yanli Piao and Cho Kyu-jin, were reelected, while Rhee Kyoo-cheol, partner of Affinity Equity Partners, was newly appointed as an outside director of Kakao, the company said.
Yeo, a graduate of Korea University, has served as a vice-chief of Kakao‘s advertisement division since 2016.
“I feel a heavy weight of responsibility for assuming this significant position in the midst of a paradigm shift in the IT industry. However, I will make devoted efforts to make sure that Kakao continues to evolve and stay ahead of the curve with the promise of a better tomorrow,” Yeo was quoted by Kakao as saying.
Joh, a graduate of Seoul National University, has headed the company’s brand design since 2016. He formerly served as a designer for major firms such as NHN Corp.
By Song Seung-hyun and newswires (ssh@heraldcorp.com)