Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
IKEA Launches First New Zealand Store, Marking Expansion Into Its 64th Global Market 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Rio Tinto Raises 2025 Copper Output Outlook as Oyu Tolgoi Expansion Accelerates 
GM Issues Recall for 2026 Chevrolet Silverado Trucks Over Missing Owner Manuals 
Visa to Move European Headquarters to London’s Canary Wharf 
Hikvision Challenges FCC Rule Tightening Restrictions on Chinese Telecom Equipment 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Netflix Nearing Major Deal to Acquire Warner Bros Discovery Assets 
Australia Moves Forward With Teen Social Media Ban as Platforms Begin Lockouts 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
IKEA Expands U.S. Manufacturing Amid Rising Tariffs and Supply Chain Strategy Shift 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Kakao's founder, Kim Beom Su, is leaving the company's board as its chairman. He has quit, and his resignation was announced on Monday, March 14.
According to The Korea Herald, while the executive has already forwarded his resignation letter, his departure will still have to be approved by the board. The members will be convening on March 29 for the upcoming shareholders' meeting, and the decision will also be announced there.
It was shared that Kim is leaving his post in Kakao to explore bigger business opportunities overseas and move past the bounds of mobile-centered platform businesses. The move is part of the company's plans for global expansion as Kakao is reorganizing its strategy for the next 10 years.
Moreover, as Kim Beom Su steps down, he will be resuming his role as Kakao's Future Initiative Center's head. Prior to his resignation, he has been the board's chair since 2015.
Based on the announcement, the Kakao founder will start his expansion exploration in Japan. He already has extensive business experience in this region so this will be the start. For starters, Kim will broaden the services of Piccoma, Kakao's Japanese webtoon platform, where he is also serving as its director since 2017.
"Beyond Korea is Kakao's own mission and strong demand from Korean society to go beyond the starting point of Korea and pioneer a new land called the overseas market," Kim said in a message to Kakao's employees that was also published as a press release on March 14.
He added, "I hope that we can make a wonderful new voyage together so that we can realize our dream of becoming a company and wish to join the journey of Kakao to create a strong foothold in the international market, challenging the global IT giants."
Meanwhile, with the change, Kakao Entertainment and Kakao Games will start realigning their businesses based on the new Kakao's "Beyond Korea" slogan. It was mentioned that these will mainly provide fresh web content and games that the global audience will like. Under the company's new CEO, Kakao is also expected to dive into other business ventures such as the metaverse.
