Kakao's board approves reappointment of CEO Chung for another 2-year term
Kakao CEO Chung Shin-a speaks during a press conference in Seoul, Feb. 4, 2025. Korea Times photo by Choi Joo-yeon
By Yonhap
Korean internet service giant Kakao said Wednesday its board has approved a plan to reappoint CEO Chung Shin-a as the company's leader for another two-year term.
In a regulatory filing, the company said the board passed the proposal earlier in the day. It will be put to a vote at the company's annual general shareholders meeting scheduled for March 26.
The CEO term of Chung, who took office in March 2024, is set to end next month.
The reappointment is widely expected to gain approval, as Kakao is forecast to report record earnings for last year on Thursday, according to industry watchers.