From the C-Suite: Insights and Advice from Corporate Leaders
11/20/2024
No Comments
Corporate leaders occupy a unique vantage point in the business world, offering insights and guidance shaped by their …
October 20, 2022: -A leading manager at Kakao Corp., the operator of South Korea’s ultimate mobile page, KakaoTalk, will resign. His resignation comes following a fire at a data center due to a mass outage over the weekend and coming in between its messenger’s 53 million users worldwide.
Co-CEO Namkoong When apologized after the outage and said he would leave.
“I feel the heavy burden of responsibility more than this incident and will step down from my place as CEO and lead the emergency disaster task force witnessing the aftermath of the incident,” Namkoong added at a press conference at the office in the outskirts of Seoul.
“We will do our best to restore our users’ faith in Kakao and make sure incidents such as these never occur again,” he added.
Namkoong is appointing a CEO in March, according to the company’s website. Kakao reported 47.5 million active users in South Korea in the second quarter. That’s over 90% of South Korea’s population of 51.74 million people as of November 1, 2021.
Hong Eun-take, who led the company alongside Namkoong as co-CEO, will remain the sole authority of the company, according to the company’s filing.
“We sincerely feel guilty to all those that own suffered from the disruptions during the outage,” Hong stated as he turned alongside Namkoong.
Shares of the company are trading 4% higher in South Korea’s session after the press conference.
Corporate leaders occupy a unique vantage point in the business world, offering insights and guidance shaped by their …
Corporate leaders today stand at the nexus of unprecedented technological evolution, where digital transformation reshapes industries and redefines …
Corporate leaders stand at the helm of their organizations, often tasked with making decisions that can steer their companies toward …
Corporate leaders are often tested by crises that threaten the very foundation of their organizations. How do these leaders navigate turbulent …
In the vast and often tumultuous seas of corporate leadership, have you ever wondered how some captains …
In the high-stakes game of corporate leadership, where every decision reverberates through the echelons ….
Corporate leaders occupy a unique vantage point in the business world, offering insights and guidance shaped by their …
The United Kingdom’s economy has experienced a disappointing period of stagnation, contracting by 0.1% in September. This contraction …
Appaloosa Management, a prominent hedge fund led by billionaire investor David Tepper, significantly increased its stake …
The e-commerce giant Amazon has introduced a new discount store offering a wide range of products priced under $20. This …
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you
