[Alpha Biz=(Chicago) Reporter Kim Jisun] Kim Bum-soo, chairman of Kakao's Management Reform Committee (head of the Future Initiative Center), who has talked to employees for the first time in two years and 10 months, said, "We will review and redesign everything with the determination that we can change the name of the company 'Kakao'."

Chairman Kim posted an in-house notice after "Brian (Chairman Kim's English name) Talk" held on offline and in-house online channels at Kakao Pangyo Agit in Bundang-gu, Seongnam-si, Gyeonggi-do on the 11th. About 400 employees participated in the meeting, and about 25 questions and answers were exchanged in about an hour and a half.

"He did not recognize the expectations for us and the creaking signs coming from the gap like a boiling frog in the water," he said in the article. "As a founder, I sincerely apologize for reaching this situation." "We need to break up with the past and reborn as a new Kakao," he said. "It's time to try a fundamental change."

The meeting came as the crisis inside and outside Kakao peaked after the alleged manipulation of SM Entertainment's market price and "judicial risks" that erupted in October.

"We will review our expansion-oriented management strategy to square one and focus on technology and core businesses," Chairman of the states Affairs Commission Kim said in his article. "We will strengthen internal stability that is less than numerical expansion and find a direction that meets social trust." He promised, "We will create a management structure that strengthens centripetal power away from the loose autonomous management stance." He especially said, "I will build a leadership that will lead the new Kakao."

 

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