Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Sam Altman Reaffirms OpenAI’s Long-Term Commitment to NVIDIA Amid Chip Report 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Kakao Brain, the AI division of Kakao Corp., on Monday, unveiled a new Co-CEO leadership structure. Kim Byoung Hak, a longtime AI task force team leader with over 20 years in the industry, will share the chief executive role alongside current CEO Kim Il Doo.
Kakao Brain is the artificial intelligence (AI) unit of Kakao Corp., and it confirmed that Kim Byoung Hak, who is its AI task force team leader, will start working side by side with the current chief executive so they will be co-CEOs. The company recently held an extraordinary shareholders' general meeting to assign the AI unit team leader as the second chief who will lead the company.
The South Korean AI company decided to have two CEOs to make the leadership stronger. It is in the midst of research and development of hyper-scale AI language and vertical services using AI technology models, and having two leaders will make it easier for Kakao Brain to reach its goal. In any case, The Korea Times reported that the move to assign another CEO will mark the firm's shift to a Co-CEO management system.
The new chief, Kim Byung Hak, is a veteran in the field with more than 20 years of research experience in the AI search industry. He was Kakao Corporation's head of the applied analytics team from 2013 to 2017. Then he was promoted to lead Kakao's AI business in February 2017 and has been in this post until April this year.
"By adding vertical service capabilities to Kakao Brain, we hope to create a new model that has never been seen before," Kim Byoung Hak said in a statement after his appointment. "We will do our best to establish ourselves as one of the major players in the diversified global AI market."
Kakao Brain's co-CEO, Kim Il Doo, further said, "Kakao Brain has been conducting advanced AI research since 2017 and striving to increase AI capabilities within Kakao. Together with the new CEO, Kim Byoung-hak, we will consider the direction of Kakao Brain's development."
Photo by: Kakao Brain Newsroom
