Economic news
Co-CEO of S.Korea’s Kakao steps down after outage, public backlash
2022.10.18 22:39
© Reuters. FILE PHOTO: The Kakao messaging application and the Kakao T taxi booking application are seen on a mobile phone in this illustration photo March 13, 2018. REUTERS/Thomas White/Illustration
SEOUL (Reuters) -Co-CEO of Kakao Corp Namkoong Whon has stepped down, a company filing said on Wednesday, after an outage that shut down South Korea’s largest mobile chat app and other services, triggering sharp backlash from authorities and the public.
Namkoong’s resignation was effective as of Wednesday, the filing said, leaving co-CEO Hong Euntaek as sole CEO.
