NewsPress Release
January 24, 2018
Kakao to Appoint Min-Soo Yeo and Su-Yong Joh as Co-CEO
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- Co-CEOs to trigger growth by strengthening Kakao Talk and key platforms while maximizing synergy with Kakao entities
- Following acquisition of Loen and spinning off Kakao Pay, Kakao Mobility and others, Kakao set to deliver new growth
[Seoul, South Korea – Jan. 24, 2018] Kakao Corp. (KRX 035720, CEO Ji-Hoon Rim) announced new leadership appointments with the goal of maximizing synergy among Kakao entities and delivering new growth.
Kakao will appoint Min-Soo Yeo (48), the current Executive Vice President of Advertising, and Su-Yong Joh (44), the current head of Kakao Brand Center as co-CEOs. Through the new co-CEO structure, Kakao expects to further strengthen Kakao Talk and other key platforms while maximizing synergy with subsidiaries and partners.
Yeo joined Kakao in August 2016 as the E.V.P. of Advertising and quickly developed digital marketing paradigms befitting mobile and artificial intelligence-related business. Kakao AD Platform, which launched late last year, received high marks from both clients and users by utilizing data from Kakao Talk and various other services to provide highly personalized advertising content.
As Chief Creative Officer, Joh has been in charge of Kakao’s overall brand and design strategy since December of 2016. Starting last September, he has coordinated with various Kakao entities to present cohesive brand and marketing campaigns as the head of Kakao Brand Center. Joh has played a crucial role in devising launching strategies for Kakao Bank, Kakao T, Kakao Mini and others, developing noteworthy campaigns and working to ensure utmost value to users.
After merging with Daum Communications in 2014 and streamlining its service portfolio, Kakao acquired content powerhouses Loen Entertainment and Podotree. The company also spun off key business divisions such as Kakao Pay, Kakao Mobility and Kakao Games in order to maximize their growth potentials.
Under current CEO Ji-Hoon Rim, Kakao was successful in restructuring the company’s business profile and establishing solid profit streams. To allow Kakao to lay the foundation for its next stage of growth with new leadership, Rim made the decision to step down once his term ends in March.
“It’s an enormous responsibility to be tasked with the role of leading Kakao as we prepare to take off our next journey, but I’m also extremely excited,” Yeo said. “Our focus will be to offer new connections through technology and service, grow with our partners, and create a more convenient and joyous world,” he added.
Joh said, “Starting a new phase of growth with over 5,600 Kakao Krew members fills me with both nervous excitement and a tremendous sense of duty,” and stated, “Just as we blazed the trail for Korea’s mobile industry, Kakao will work diligently so users throughout the globe can experience the unique values offered by our services and brands.”
Yeo and Joh will be officially named co-CEOs following a shareholders and board of directors meetings scheduled in March. (End)
- Following acquisition of Loen and spinning off Kakao Pay, Kakao Mobility and others, Kakao set to deliver new growth
[Seoul, South Korea – Jan. 24, 2018] Kakao Corp. (KRX 035720, CEO Ji-Hoon Rim) announced new leadership appointments with the goal of maximizing synergy among Kakao entities and delivering new growth.
Kakao will appoint Min-Soo Yeo (48), the current Executive Vice President of Advertising, and Su-Yong Joh (44), the current head of Kakao Brand Center as co-CEOs. Through the new co-CEO structure, Kakao expects to further strengthen Kakao Talk and other key platforms while maximizing synergy with subsidiaries and partners.
Yeo joined Kakao in August 2016 as the E.V.P. of Advertising and quickly developed digital marketing paradigms befitting mobile and artificial intelligence-related business. Kakao AD Platform, which launched late last year, received high marks from both clients and users by utilizing data from Kakao Talk and various other services to provide highly personalized advertising content.
As Chief Creative Officer, Joh has been in charge of Kakao’s overall brand and design strategy since December of 2016. Starting last September, he has coordinated with various Kakao entities to present cohesive brand and marketing campaigns as the head of Kakao Brand Center. Joh has played a crucial role in devising launching strategies for Kakao Bank, Kakao T, Kakao Mini and others, developing noteworthy campaigns and working to ensure utmost value to users.
After merging with Daum Communications in 2014 and streamlining its service portfolio, Kakao acquired content powerhouses Loen Entertainment and Podotree. The company also spun off key business divisions such as Kakao Pay, Kakao Mobility and Kakao Games in order to maximize their growth potentials.
Under current CEO Ji-Hoon Rim, Kakao was successful in restructuring the company’s business profile and establishing solid profit streams. To allow Kakao to lay the foundation for its next stage of growth with new leadership, Rim made the decision to step down once his term ends in March.
“It’s an enormous responsibility to be tasked with the role of leading Kakao as we prepare to take off our next journey, but I’m also extremely excited,” Yeo said. “Our focus will be to offer new connections through technology and service, grow with our partners, and create a more convenient and joyous world,” he added.
Joh said, “Starting a new phase of growth with over 5,600 Kakao Krew members fills me with both nervous excitement and a tremendous sense of duty,” and stated, “Just as we blazed the trail for Korea’s mobile industry, Kakao will work diligently so users throughout the globe can experience the unique values offered by our services and brands.”
Yeo and Joh will be officially named co-CEOs following a shareholders and board of directors meetings scheduled in March. (End)
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