Air Force One Delivery Delayed to 2028 as Boeing Faces Rising Costs 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
Rio Tinto Signs Interim Agreement With Yinhawangka Aboriginal Group Over Pilbara Mining Operations 
Coca-Cola’s Costa Coffee Sale Faces Uncertainty as Talks With TDR Capital Hit Snag 
SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation 
Oil Prices Rebound in Asia as Venezuela Sanctions Risks Offset Ukraine Peace Hopes 
Asian Stocks Slide as Central Bank Decisions and Key Data Keep Investors Cautious 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
United Airlines Flight to Tokyo Returns to Dulles After Engine Failure During Takeoff 
Fed Rate Cut Signals Balance Between Inflation and Jobs, Says Mary Daly 
China’s Small Bank Consolidation Struggles as Profits Fall and Risks Persist 
South Korea Extends Bond Market Stabilization Measures Amid Rising Financial Risks 
Russia Stocks End Flat as Energy and Retail Shares Show Mixed Performance 
ANZ Faces Legal Battle as Former CEO Shayne Elliott Sues Over A$13.5 Million Bonus Dispute 
Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets 
United Airlines Tokyo-Bound Flight Returns to Dulles After Engine Failure 
Azul Airlines Wins Court Approval for $2 Billion Debt Restructuring and New Capital Raise 
Kakao is currently dealing with the aftermath of the service outage that paralyzed all of the services the company is offering. The incident created extensive business disruptions in South Korea, and the company was also placed in a tight spot as its operations are now being investigated as well.
The effects of the service outage last weekend apparently ran very deep and unexpected. Kakao’s services were cut after a fire broke out at the data center of SK C& C in Pangyo, Seongnam, in Gyeonggi-do province. The tech firm’s servers are housed here, so people were not able to use the KakaoTalk messenger and other Kakao services on Saturday afternoon until the next day.
Some of the services were back after 10 hours, but there are still others that have yet to be fully restored. The company said the service recovery took a long time because the devices used for the distribution of functions of the servers to other places were set up properly.
In any case, with the large-scale chaos caused by the service outage, the chief executive officers of Kakao announced their resignation on Wednesday, Oct. 19. Namkoong Whon, the co-CEO said he is leaving to take responsibility for the incident. He also promised to complete a backup system in two months to make sure the outage would not happen again.
As per The Korea Times, as Namkoong steps down from his chief role, he will now lead Kakao’s disaster response sub-committee. On the other hand, co-CEO Hong Eun Taek will remain in his post so he will be the sole leader of the company now. Hong will also serve as head of Kakao's emergency committee.
"Currently, most of our services have been normalized but we have caused great inconvenience for a lengthy period of time as our response did not meet the expectations of users," he said during a press conference. "I feel heavy-hearted when I think of users and our partners who use Kakao services such as those who had difficulty communicating, drivers who could not receive calls, and business owners who were unable to use our advertising channels.”
Namkoong further said, “I also found that the concerns of the authorities are greater than ever and we will do our best to regain the trust of users."
