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

Whon Namkoong, co-main executive officer of Kakao Corp., speaks during a information conference in in Pangyo, South Korea, on Wednesday, Oct. 19, 2022. Namkoong resigned right after a common outage took out Koreas most well-liked messaging and social media support. Photographer: SeongJoon Cho/Bloomberg by using Getty Images

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A top govt at Kakao Corp., the operator of South Korea’s prime mobile messenger KakaoTalk, will action down. His resignation arrives right after a hearth at a data heart led to a mass outage over the weekend and disrupted providers for its messenger’s 53 million people globally.

Co-CEO Namkoong Whon apologized pursuing the outage and stated he would resign.

“I really feel the heavy load of duty in excess of this incident and will move down from my place as CEO and direct the crisis catastrophe process drive overseeing the aftermath of the incident,” Namkoong reported at a press convention at the company’s business in the outskirts of Seoul on Wednesday.

“We will do our finest to restore our users’ faith in Kakao and make certain incidents like these under no circumstances materialize once more,” he claimed, in accordance to a CNBC translation.

Namkoong was appointed CEO in March, in accordance to the firm’s web-site. Kakao documented 47.5 million month-to-month energetic end users in Korea in the course of the second quarter. That is far more than 90% of South Korea’s population of 51.74 million people today, as of Nov. 1, 2021.

Hong Eun-taek, who led the firm alongside Namkoong as co-CEO, will keep on being the sole head of the firm, according to a firm submitting.

“We sincerely apologize to all all those that have experienced from the disruptions through the outage,” Hong said as he bowed along with Namkoong.

Shares of the business traded 4% bigger in Korea’s early morning session in advance of the push conference.

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