Kakao (035720.KS) is shifting its group decision-making structure to a co-chair system ahead of a planned spinoff. The company appointed Kim Do-young, the incoming chief executive of Kakao X, as co-chair of its CA Council, aiming to maintain continuity in key decisions and organizational stability through the transition.
The Kakao group said on Sept. 28 that it held a group council meeting and appointed Kim as co-chair of the CA Council following a resolution by the chief executives of member companies. Kim will now coordinate major group issues alongside Chair Chung Shin-a.
The two co-chairs will jointly handle key decisions until the spinoff is completed, overseeing group-level coordination and execution. Kakao said the shift to a co-chair system is intended to minimize any management gap that could arise during the spinoff and to support a stable organizational transition.
"This co-chair system is designed to secure group-level continuity and systematic execution at a critical turning point ahead of the spinoff," a Kakao official said. "Kakao will closely manage the preparation process through task forces in each area and do its utmost to ensure a stable transition."
Kakao has set up a task force that includes its technology, finance and human resources units to prepare for the spinoff, reviewing practical tasks and taking step-by-step measures toward a systematic transition. The company is also holding offline briefings for employees and operating a separate channel for questions at any time, maintaining continuous communication to address employee concerns about the split.
