Games & Commerce
Kakao Games likely to adopt co-CEO system with Kim Taehwan and Lee Siwoo; extraordinary meeting set for June 22
Kakao Games plans to hold an extraordinary shareholders meeting later this month to reshuffle its board. Kim Taehwan, a vice president at LINE Games, and Lee Siwoo, the company’s chief business officer, were nominated as inside directors and could take up posts as co-CEOs after appointment. The board changes are conditional on completion of a deal that would make LAAA Investment, funded by Line Yahoo, the company’s largest shareholder.
