CEO of S.Korea's Kakao steps down after outage, public backlash

Kakaopay

19/10/2022 03:16

(Adds details)
       SEOUL, Oct 19 (Reuters) - Co-CEO of Kakao Corp
 035720.KS  Namkoong Whon has stepped down, a company filing
said on Wednesday, after an outage that shut down South Korea's
largest mobile chat app and other services, triggering sharp
backlash from authorities and the public.
    Namkoong's resignation was effective as of Wednesday, the
filing said, leaving co-CEO Hong Euntaek as sole CEO.
 (Reporting by Joyce Lee; Editing by Sam Holmes)
 ((joyce.lee@tr.com;))