Kakao Games is set to hold an extraordinary shareholders' meeting to nominate Kim Tae-hwan, Vice President of Line Games, and Lee Si-woo, Chief Business Officer of Kakao Games, for board positions. Kim is expected to assume the role of new CEO following the meeting.
The company announced on June 4 that the extraordinary shareholders' meeting will take place on the 22nd at the Kakao AI Campus in Yongin, Gyeonggi Province. The agenda includes the election of two internal directors, one external director, and one non-executive director.
Kim holds a degree in Political Science and International Relations from Yonsei University and has previously served as Vice President at Nexon Korea, Chief Business Development Officer at Nexon Japan, and Vice President at Nexon America. He is recognized for his extensive experience in both domestic and international gaming operations and global business development.
Joining Kim as a candidate for internal director is Lee Si-woo, who has held various roles at NHN and Wemade, and previously served as the head of the mobile business division at Kakao Games.
The external director candidate is Seo Seok-ho, Managing Director at Petrico Partners. Seo graduated from Washington University in St. Louis with a degree in Business and completed his MBA at Dartmouth College's Tuck School of Business.
Industry analysts believe that this extraordinary shareholders' meeting will pave the way for Kakao Games to establish a new management structure and refine its growth strategies, including new game releases and global expansion.
The company stated, "The introduction of a co-CEO system is currently under review, and specific details will be announced once the appointments are confirmed through the board and extraordinary shareholders' meeting procedures later this month."
* This article has been translated by AI.
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