[Company] 9 Kakao executives buy 450 million won worth of treasury stocks

Kakao executives have started buying stocks in unison to restore shareholders' trust.

According to the Financial Supervisory Service's electronic disclosure system, nine executives, including four chairman of Kakao, bought 450 million won worth of stocks from the 8th to the 14th.

Kakao explained that executives' share buybacks are part of strengthening responsible management.

Earlier, CEO Jung Shin-ah also purchased stocks worth 100 million won in May and August, respectively, citing responsible management.

Kakao, which is facing the biggest crisis since its foundation, is implementing measures to strengthen trust, such as setting the remuneration for inside directors in consideration of the company's stock price fluctuation rate.