KakaoPay's board approved a proposal to reappoint Chief Executive Shin Won-geun (신원근). The reappointment will be finalised at a shareholder meeting in late March.
KakaoPay said on Thursday it held a board meeting and passed the proposal to reappoint Shin.
If shareholders confirm the reappointment, Shin will secure a third consecutive term. The term will be 2 years.
Shin is assessed to have led the company's growth through strategic expansion of its platform business and responsible management during his tenure. The company also achieved its first annual consolidated profit last year.
Shin joined KakaoPay in 2018 as executive vice president and chief strategy officer. He was appointed CEO in March 2022 and was reappointed once in March 2024.
About the Author
Ji-young Lee
ljy@d-today.co.kr