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Kakao Pay CEO Ryu Young-joon, who was appointed as the new CEO of Kakao, resigned voluntarily. After he made tens of billions of won in profits by selling a large amount of the stock he had acquired as the CEO of Kakao Pay, he eventually raised a white flag as the 'eating controversy' continued.
Reporter Jeong Seong-jin reports.
<Reporter> Ryu Young-
joon, the nominee for Kakao's CEO, delivered his resignation to the Kakao Board of Directors yesterday (10th).
It has been a month since the so-called 'eating controversy'.
CEO Ryu announced on the 10th of last month that he made a profit of 46.9 billion won by selling stocks obtained by using his Kakao Pay stock options, that is, stock purchase rights.
On the same day, eight executives, including CEO Ryu, sold stocks at once, collecting 90 billion won in cash.
It has been a little over a month since Kakao Pay was listed, and it was included in the KOSPI 200 and the stock price soared.
As criticism poured in for the share price drop, CEO Ryu held an employee meeting on the 4th and apologized.
However, the Kakao union demanded the resignation of the Kakao Pay, arguing that it was responsible for causing a situation in which even the Kakao Pay prevention law was being discussed in the National Assembly.
The Kakao union demanded measures to prevent recurrence, saying that it showed that Kakao, which had been emphasizing social responsibility, had failed to respond to the crisis.
[Seung-wook Seo/Chairman of Kakao Union: It is necessary to impose partial restrictions on the sale of management, which can give a bad signal when listed, and restrictions on allowing (management) to sell for a certain period of time.]
CEO Ryu disposed of We have 480,000 Kakao Pay stock options left after that, and we have decided to maintain the Kakao Pay CEO position until March.