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