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[Alpha Biz=(Chicago) Reporter Kim Jisun] Kakao Bank CEO Yoon Ho-young has been confirmed to serve a second term. Yoon will lead the Kakao Bank for the next two years. The first cash dividend will also be made.

Kakao Bank announced on the 29th that it held the 7th general shareholders' meeting and decided on the appointment of the CEO and cash dividend agenda.

Kakao Bank re-elected Yoon Ho-young as its current CEO for a two-year term at a shareholders' meeting. Yoon's term is until March 2025.

He led the establishment of Kakao Bank and has been the CEO of Kakao Bank since 2016. With his fourth consecutive term confirmed, Yoon will lead the Kakao Bank for nine years.

Kakao Bank said it is expected to strengthen Kakao Bank's innovation and sustainable growth base amid the rapidly changing business environment and intensifying competition.

It also approved financial statements last year and decided to pay cash dividends worth 80 won per ordinary share, totaling 38.1 billion won. This is Kakao bank's first dividend.

 

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