Korea Investment Holdings’ Vice Chairman, Kim Joo-won heads to Kakao
- 경영대학
- Hit359
- 2020-03-11
Kim Joo-won, vice chairman of Korea Investment Holdings Co., will assume the post of Kakao's new vice chairman.
According to related industries, Kim will take office as vice chairman of Kakao in January 2020. Kim's sudden decision to move to the position was reportedly made by Kakao Chairman Kim Bum-soo's persistent recommendation. In particular, the inside story is known that Chairman Kim persuaded Vice Chairman Kim Nam-koo of Korea Investment Holdings Co. to ensure hiring him. New Vice Chairman Kim seemed to have decided to go to Kakao because he thought he could play an important role in mid- and long-term cooperation between the two companies, although he took rather negative stance about the transfer at the beginning of the offer.
Vice Chairman Kim graduated from Sungkyunkwan University majored in business administration and was inaugurated as president of Korea Investment Holdings Corporation in 2011. While serving as chairman of Kakao Bank's board of directors since 2015, he has ranked as a leading figure who has started to merge IT with finance. He was recognized for his leadership when he played intermediary role between the technology-oriented IT industry and the money-oriented financial industry. Kim, who previously served as vice chairman of Korea Investment Holdings Corp. and chairman of Kakao Bank's board of directors, resigned from his position right after when Kakao Bank's largest shareholder changed from Korea Investment Group to Kakao. Vice Chairman Kim is Kakao Bank's vice chairman and chairman of the board of directors, and has been in charge of connecting Kakao Bank with Korea Investment Holdings Corp., a major shareholder of Kakao Bank. Kakao took over 16 percent of its 50 percent stake in Korea Investment Holdings Corp., which was formerly a major shareholder, on April 22, raising it to 34 percent of Kakao Bank's largest shareholder.