Kakao Games announced on the 22nd that it has officially appointed Kim Tae-hwan and Lee Si-woo as its new co-CEOs following an extraordinary general meeting of shareholders and a board meeting. With new leadership at the helm and financial stabilization complete, Kakao Games is now set to begin an aggressive expansion of its business footprint.

New CEO Kim Tae-hwan is a prominent dealmaker in the gaming industry, having led domestic and international M&A and strategic investments at Nexon and Line Games. His extensive experience in global business development and strategy includes roles as Head of Strategic Planning, Executive Director, and Vice President at Nexon Korea, as well as CBDO at Nexon Japan, Vice President at Nexon America, and CSO (Vice President) at Line Games. During his tenure at Nexon, he led numerous major M&A deals and successfully managed post-merger integration (PMI). At Kakao Games, he will oversee the company's mid-to-long-term business strategy, global expansion, and all M&A and strategic investment activities.

New CEO Lee Si-woo joined Kakao Games in 2015 as a director of the mobile business division during the company's early stages and has since served as CBO (Vice President), overseeing both mobile and PC game operations. He contributed to elevating Kakao Games to a leading position in the domestic market by successfully publishing major IPs, including 'Odin: Valhalla Rising,' and numerous popular subculture-genre games. Leveraging his business expertise, he will oversee all aspects of the gaming business, including live service operations, new title publishing, and IP portfolio management, to further strengthen the company's core competitiveness.

Having finalized the divestment of non-core businesses and improved its financial structure, Kakao Games is now pursuing a growth strategy built on the financial stability secured through strategic investments. The company plans to actively pursue equity investments and M&A deals with promising domestic and international developers to expand its IP portfolio and development capabilities.

New CEO Kim Tae-hwan stated that aggressive investment and innovation are essential to compete in the fierce global market, adding that he will do his utmost to ensure Kakao Games grows rapidly on the global stage based on its secured capital.

New CEO Lee Si-woo said he would strive to showcase Kakao Games' unique, differentiated IPs, building on the company's proven live service capabilities and upcoming new title lineup.

The two CEOs expressed their ambition to aggressively pursue growth strategies that translate into increased corporate value, pledging to build a company that meets the expectations of shareholders and users through transparent market communication.