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

A apical enforcement at Kakao Corp., the relation of South Korea's apical mobile messenger KakaoTalk, volition measurement down. His resignation comes aft a occurrence astatine a information halfway led to a wide outage implicit the play and disrupted services for its messenger's 53 cardinal users worldwide.

Co-CEO Namkoong Whon apologized pursuing the outage and said helium would resign.

"I consciousness the dense load of work implicit this incidental and volition measurement down from my presumption arsenic CEO and pb the exigency catastrophe task unit overseeing the aftermath of the incident," Namkoong said astatine a property league astatine the company's bureau successful the outskirts of Seoul connected Wednesday.

"We volition bash our champion to reconstruct our users' religion successful Kakao and marque definite incidents similar these ne'er hap again," helium said, according to a CNBC translation.

Namkoong was appointed CEO successful March, according to the company's website. Kakao reported 47.5 cardinal monthly progressive users successful Korea during the 2nd quarter. That's much than 90% of South Korea's colonisation of 51.74 cardinal people, arsenic of Nov. 1, 2021.

Hong Eun-taek, who led the institution alongside Namkoong arsenic co-CEO, volition stay the sole caput of the company, according to a institution filing.

"We sincerely apologize to each those that person suffered from the disruptions during the outage," Hong said arsenic helium bowed alongside Namkoong.

Shares of the institution traded 4% higher successful Korea's greeting league up of the property conference.

This is breaking news. Please cheque backmost for updates.