Kakao founder quits board as public backlash grows


SEOUL: Kakao group founder Brian Kim has stepped down from the board, relinquishing the reins after a series of scandals rocked the South Korean social media and financial technology (fintech) giant.

Kim, the self-made billionaire who founded the nation’s top messaging app operator Kakao Corp, will now focus on global business expansion, his company said in an emailed statement yesterday.

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