1) New co-CEOs have been nominated on November 25 2021, in order to fulfill our social responsibilities and lay the foundation for sustainable growth.
- Before the change: Min-soo Yeo, Su-yong Joh, co-CEOs (Current term ends on March 24, 2022)
- After change: Min-soo Yeo, Young-joon Ryu, co-CEOs
2) The new co-CEO Young-Joon Ryu is currently the CEO of Kakaopay Corp. and plans to serve as the company's CEO until the annual general meeting of shareholders in March 2022.
3) In this regard, the procedure for appointing co-CEOs will be carried out at the annual general meeting of shareholders scheduled to be held in March 2022 and the board of directors after the general meeting.
Young-joon Ryu, who was nominated as one of the new co-CEOs on November 25, 2021, announced his voluntary resignation on January 10, 2022. Accordingly, the company plans to re-disclose the new leadership plan as soon as it is confirmed through internal discussions and procedures.
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Notice on Other Matters
1. Title
New co-CEOs nominated for Kakao Corp.
2. Key Details of Matter
Young-joon Ryu, who was nominated as one of the new co-CEOs on November 25, 2021, announced his voluntary resignation on January 10, 2022. Accordingly, the company plans to re-disclose the new leadership plan as soon as it is confirmed through internal discussions and procedures.
3. Decision(Confirmation) Date
2021-11-25
4. Other references useful for making investment decisions
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※ Title and date of other disclosure related to this one
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Kakao Corp. published this content on 10 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 January 2022 02:37:06 UTC.
Kakao Corp is a Korea-based company principally engaged in the mobile services business. The Company operates its business through two segments. The Content segment produces mobile messengers, portals, games, music, and paid content such as webtoons, and Web novels. In addition, it sells character products using intellectual property (IP) called Kakao Friends through online and offline stores. The Platform segment sells advertisements such as search advertisements and display advertisements. In addition, it engages in businesses of mobility, pay and manufacturing communication terminals for children using IP called Kakao Friends.
KAKAO CORP. 
