Kakao VX said on Thursday it will begin operating under a co-chief executive system to respond actively to AI transformation (AX).

Co-CEO Moon Tae-sik (문태식) will focus on securing growth drivers through platform upgrades. He will seek to embed new DNA across the company’s development work in line with the pace of AI transformation, including the Kakao Golf Booking platform and the Friends Screen business and services.

Kim Chang-joon (김창준), appointed co-CEO alongside Moon after a board meeting and shareholders’ meeting at the end of January, is a veteran leader in the information technology industry who has worked at Daum Communications, Kakao’s headquarters and Kakao Enterprise. Kim, who joined Kakao VX as chief financial officer in August last year, will be responsible for business, infrastructure and support organisations.

"Under the co-CEO system, we will focus on our respective areas of expertise to upgrade and innovate the business," Moon said.

"I will contribute to growth by focusing on strengthening financial stability and building internal systems to enhance management fundamentals," Kim said.

Kakao VX said it plans to lead the digitalisation of the sports industry. It said it will rearm with new leadership and continue to offer golfers fun and enjoyment through various events and services and technology upgrades.