Kakao co-CEO resigns after mass outage locked 53 million users out

Irene L. Joffman

A top rated government at Kakao Corp., the operator of South Korea’s top cellular messenger KakaoTalk, will phase down. His resignation arrives just after a fireplace at a details center led to a mass outage about the weekend and disrupted products and services for its messenger’s 53 million end users around the world.

Co-CEO Namkoong Whon apologized adhering to the outage and claimed he would resign.

“I really feel the major stress of obligation above this incident and will step down from my situation as CEO and lead the unexpected emergency catastrophe job drive overseeing the aftermath of the incident,” Namkoong explained at a press convention at the company’s business in the outskirts of Seoul on Wednesday.

“We will do our most effective to restore our users’ faith in Kakao and make confident incidents like these hardly ever materialize once again,” he mentioned, according to a CNBC translation.

Namkoong was appointed CEO in March, in accordance to the firm’s web page. Kakao reported 47.5 million regular active buyers in Korea for the duration of the 2nd quarter. That is more than 90% of South Korea’s population of 51.74 million persons, as of Nov. 1, 2021.

Hong Eun-taek, who led the corporation alongside Namkoong as co-CEO, will continue being the sole head of the firm, according to a corporation filing.

“We sincerely apologize to all all those that have suffered from the disruptions throughout the outage,” Hong reported as he bowed along with Namkoong.

Shares of the enterprise traded 4% better in Korea’s early morning session in advance of the press meeting.

This is breaking news. Please check out back again for updates.

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