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Lim Ji-hoon discloses 2018 performance pay confirmation; Kakao Ventures says no basis for payment

Former Kakao CEO Lim Ji-hoon, who has filed a lawsuit over performance pay against Kakao Ventures and Kakao founder Kim Beom-su, disclosed a 2018 performance pay confirmation and a 2026 letter rejecting payment. Lim said the arrangement was not a verbal promise and cited a contract, an amendment agreement and a company-seal-stamped confirmation. Kakao Ventures said it found no grounds to pay the claimed amount, without detailing specific provisions.