Kakao co-CEO resigns soon after mass outage locked 53 million people out

Kakao co-CEO resigns soon after mass outage locked 53 million people out


A top govt at Kakao Corp., the operator of South Korea’s top cell messenger KakaoTalk, will phase down. His resignation will come following a fireplace at a data center led to a mass outage about the weekend and disrupted products and services for its messenger’s 53 million buyers globally.

Co-CEO Namkoong Whon apologized next the outage and stated he would resign.

“I really feel the weighty load of obligation around this incident and will move down from my situation as CEO and lead the emergency catastrophe job drive overseeing the aftermath of the incident,” Namkoong explained at a press conference at the firm’s business office in the outskirts of Seoul on Wednesday.

“We will do our ideal to restore our users’ religion in Kakao and make positive incidents like these never ever take place yet again,” he stated, according to a CNBC translation.

Namkoong was appointed CEO in March, according to the company’s website. Kakao claimed 47.5 million monthly energetic end users in Korea in the course of the next quarter. That is extra than 90% of South Korea’s inhabitants of 51.74 million people today, as of Nov. 1, 2021.

Hong Eun-taek, who led the business alongside Namkoong as co-CEO, will remain the sole head of the business, in accordance to a organization submitting.

“We sincerely apologize to all all those that have suffered from the disruptions in the course of the outage,” Hong said as he bowed along with Namkoong.

Shares of the firm traded 4% greater in Korea’s morning session forward of the push convention.

This is breaking information. Make sure you look at back for updates.



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