Seoul: South Korean internet service giant Kakao Corp. announced that its board has approved a plan to reappoint Chief Executive Officer Chung Shin-a for another two-year term. The decision was made during a board meeting held earlier in the day, as stated in a regulatory filing by the company. This proposal will be presented for a vote at the company's annual general shareholders meeting, which is scheduled for March 26.
According to Yonhap News Agency, CEO Chung, who assumed office in March 2024, is nearing the end of her current term. The reappointment is anticipated to receive approval, as Kakao is expected to announce record earnings for the previous year on Thursday, based on forecasts by industry analysts.