Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
Oil Prices Rebound as U.S.-Venezuela Tensions Offset Oversupply Concerns 
California Jury Awards $40 Million in Johnson & Johnson Talc Cancer Lawsuit 
SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles 
Nvidia Develops New Location-Verification Technology for AI Chips 
Oil Prices Slip in Asia as 2026 Supply Glut Fears and Russia-Ukraine Talks Weigh on Markets 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation 
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing 
Adobe Strengthens AI Strategy Ahead of Q4 Earnings, Says Stifel 
Microsoft Unveils Massive Global AI Investments, Prioritizing India’s Rapidly Growing Digital Market 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
SUPERFORTUNE Launches AI-Powered Mobile App, Expanding Beyond Web3 Into $392 Billion Metaphysics Market 
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen 
Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership 
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
