KaKao

[February 13, 2024] The Kakao Corporate Alignment Committee (KCAC) held a group conference on February 13, attended by co-chairs Kim Beom-su and Shina Chung, as well as CEOs from 13 partner companies. The CA Committee is an independent body that coordinates the interests of the Kakao Group and fosters consensus among its members.

 

At the meeting, KCAC decided to reinforce and implement processes related to new investments, fundraising, share sales, and changes in governance. It was established that partner companies must undergo risk reviews conducted by each committee of KCAC and report to the Kakao Compliance and Trust Committee (KCTC) before final decision-making. This is an enhancement of internal and external verification and control systems to achieve growth that aligns with societal expectations and trust, reinforcing the commitment to transparency and accountability.

 

In addition, various subcommittees will be established under KCAC, including subcommittees for management reform, strategies, brand communication, ESG, and corporate responsibility. Special task forces (TFs) will also be formed as needed to ensure flexible organizational operations.

 

The subcommittee for management reform will continue to be chaired by Kim Beom-su, who will lead changes and innovations across the Kakao Group. The subcommittee for strategies will be chaired by Shina Chung, who will review key issues that could impact the group, as well as KPIs and investments.

 

The subcommittee for brand communication will also be established to strengthen Kakao Group’s branding and messaging strategies. Lee Na-ri, former VP of Communications at Kurly, has been appointed as the chair of the committee. Chair Lee Na-ri has previously served as Executive Director at Samsung Group’s Cheil Worldwide, the first Center Director at the Banks Foundation for Young Entrepreneurs (D.CAMP), and an editorial writer for JoongAng Ilbo. KCAC expects Chair Lee Na-ri to transfer the expertise and know-how gained from her diverse activities to the entire Kakao Group.

 

The subcommittee for ESG will be chaired by Kwon Dae-yeol. It will collaborate with KCTC, an external organization that monitors Kakao’s affiliates for compliance and ethical management, while also communicating with various stakeholders and society. The subcommittee for corporate responsibility, which addresses regular audits, compliance, ethics, and legal issues, will be temporarily chaired by Kwon Dae-yeol.

 

Each subcommittee will identify agendas that need to be discussed at the group level and provide recommendations regarding direction and policy-related opinions. Each chair will take these matters into account to determine recommendations and advisory opinions for each partner organization and will be responsible for resolving group-level issues related to their respective areas.  [End]