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South Korean internet giant Kakao -- in the middle of multiple investigations over antitrust and securities violations -- has appointed a new CEO as it Kakao names its venture capital arm head as new chief executive amid rough time
Shina Chung, who had been running the company's venture arm, is moving to the top role at the company. "I will carry out active and responsible management" to meet the expectations and standards of society, Chung said in its statement. "I will not miss this opportunity for change because Kakao does not have much time."
![[News Analysis] M&A a double-edge sword for Kakao - Vimarsana News](https://res.heraldm.com/content/image/2023/10/29/20231029000102_0.jpg?1)
The Korean financial regulator’s decision to refer Kakao and its executives to the prosecution could lead to disruptions on the IT giant’s future takeover strategy and global expansion plans, sources said Sunday. Three Kakao executives, including its chief investment officer Bae Jae-hyun, and two entities, Kakao and Kakao Entertainment, who were involved in market manipulation regarding Kakao’s purc...
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