The appearance of the Kakao Pangyo Base in Bundang-gu, Seongnam-si. /Courtesy of News1

Kakao's control tower executives from the CA committee purchased shares in a commitment to responsible management.

According to the Financial Supervisory Service's electronic disclosure system on the 11th, 19 executives, including Kwon Dae-yeol, Chairperson of the ESG (Environmental, Social, and Governance) committee, and Hwang Tae-seon, Chief Financial Officer, purchased a total of 437 million won worth of shares. Shin Jong-hwan, Chief Financial Officer, Jo Seok-young, Head of Compliance Support Team, and Kim Do-young, the nominee for CEO of Kakao Investment, were also included.

Since Jeong Seon-ah took office as CEO, Kakao has seen key executives step up to purchase shares in a commitment to responsible management. CEO Jeong purchased shares worth 100 million won each in May and August last year as part of responsible management, and also bought shares worth 100 million won last month.

In November of the same year, 9 executives from the CA committee purchased a total of 452.6 million won worth of shares. A Kakao official noted that "executives voluntarily purchased shares to enhance responsible management and shareholder value."