Games & Commerce
Kakao former CEO Im Ji-hoon sues Kakao Ventures and founder Kim Bum-soo over performance fee dispute
Former Kakao CEO Im Ji-hoon said on Sept. 16 he has filed a lawsuit against Kakao Ventures and Kakao founder Kim Bum-soo over a performance fee contract for the Kakao Youth Startup Fund. Im said his share was set at 60 percent but was later reduced to 22 percent after Kim requested an adjustment when Im became Kakao CEO. He said Kakao Ventures later confirmed it would pay him his calculated performance fee.
