SEOUL -- Namkoong Whon, one of South Korean internet giant Kakao's two CEOs, resigned on Wednesday as the company faced harsh criticism from the government and the public over the handling of a fire at a data center over the weekend that caused a massive service outage and led investors to dump shares.
The company, in a filing with the stock market, said that Hong Eun-taek will be Kakao's sole CEO, as Namkoong has stepped down. Namkoong was in charge of the company's business, while Hong has been focusing on environmental, social and governance issues.
