Kakao Picks New CEO to Steer Tech Company Through Crisis
- Shina Chung is current head of Kakao’s venture-capital arm
- She will be a rare female CEO in male-dominated South Korea
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Kakao Corp. picked Shina Chung as its next chief, designating the head of its corporate venture-capital arm to lead the South Korean internet company out of a crisis.
The company plans to formally announce the appointment of Chung, 48, as its new chief executive officer following a board meeting and a general shareholders’ meeting in March, it said in a statement on Wednesday.