[Alpha Biz=(Chicago) Reporter Kim Jisun] Kakao said it has established a "compliance and trust committee," an external organization to monitor the company's compliance and ethics management, and appointed former Supreme Court Justice Kim So-young as its first chairman.

The committee is established as an external organization independent of cacao. Major risk factors of Kakao affiliates are selected and involved from the stage of building and operating a compliance monitoring system.

In particular, it has the authority to supervise and actively investigate excessive listing of affiliates, violation of the Fair Trade Act, market monopoly, impairment of user profits, and violation of compliance obligations of top management. It plans to officially launch the organization by the end of this year with additional external personnel recruitment.

"Kakao has a sense of crisis that it is no longer sustainable with existing management methods," said Kakao founder Kim Bum-soo, head of the Future Initiative Center. "We will try to check quickly from the beginning to the end and cut our bones until we have a management system that meets the people's standards."

 

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