South Korea's Kakao appoints new CEO amid regulatory scrutiny

South Korea's Kakao appoints new CEO amid regulatory scrutiny

FILE PHOTO: The Kakao messaging application and the Kakao T taxi booking application are seen on a mobile phone in this illustration photo March 13, 2018. REUTERS/Thomas White/Illustration

South Korea’s Kakao Corp has picked a new chief executive, the company said on Wednesday, as part of its management reform efforts amid an ongoing crisis at the tech giant.