11.6 C
London
Sunday, November 27, 2022

Kakao Co-CEO Resigns After Fire Incident That Caused Mass Outage • londonbusinessblog.com

Must read

Who is singer songwriter Jimmy Jones? His age, bio and more

Who is Jimmy Jones? James Jones was a well-known American singer-songwriter who moved to New York City as a teenager. Jimmy was born on...

The Trump team checks the damage after he has dinner with Ye and white supremacist Nick Fuentes

Former President Donald Trump distanced himself from a pre-Thanksgiving dinner Friday at his Mar-a-Lago club in Florida with Ye, formerly known as Kanye West,...

Stellantis to Restructure European Dealer Network in July 2023 • londonbusinessblog.com

Stellantis, the parent company of brands such as Jeep, Dodge, Fiat, Maserati and Peugeot, said on Thursday it would reorganize its European dealer networks...

Best 100 Black Friday deals still available in 2022: Earbuds, TVs, games

Black Friday is now a thing of the past, but many of the year's best deals on 4K TVs, video games, noise-canceling earbuds, robot...
Shreya Christinahttps://londonbusinessblog.com
Shreya has been with londonbusinessblog.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider londonbusinessblog.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

Kakao’s co-chief executive, Whon Namkoong, has resigned after a data center fire incident caused a massive outage over the weekend and disrupted several services in Kakao.

Namkoong, who joined Kakao in 2015, was appointed co-CEO in March. On Wednesday, he said at a news conference that the company will do its best to restore user confidence.

KakaoTalk is the most popular messaging app in South Korea, reaching more than 47 million of the country’s 51.7 million residents every month. The app is also used by government officials, banks, taxi services and payment players.

South Korean President Yoon Suk-yeol said on Monday that KakaoTalk is practically a national communications infrastructure. Kakao shares plunged Monday, but recovered slightly after announcing Namkoong’s departure.

Namkoong apologized for the massive outage “for such a long period of time” and said at the conference that he feels “heavy responsibility” for the incident.

Kakao’s slow recovery process was caused by the lack of its own server infrastructure and “high dependence” on the SK C&C data center, which caught fire, Bernstein analysts said in a report this week. Kakao also didn’t have a well-distributed backup system, she added.

(More to follow)

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Who is singer songwriter Jimmy Jones? His age, bio and more

Who is Jimmy Jones? James Jones was a well-known American singer-songwriter who moved to New York City as a teenager. Jimmy was born on...

The Trump team checks the damage after he has dinner with Ye and white supremacist Nick Fuentes

Former President Donald Trump distanced himself from a pre-Thanksgiving dinner Friday at his Mar-a-Lago club in Florida with Ye, formerly known as Kanye West,...

Stellantis to Restructure European Dealer Network in July 2023 • londonbusinessblog.com

Stellantis, the parent company of brands such as Jeep, Dodge, Fiat, Maserati and Peugeot, said on Thursday it would reorganize its European dealer networks...

Best 100 Black Friday deals still available in 2022: Earbuds, TVs, games

Black Friday is now a thing of the past, but many of the year's best deals on 4K TVs, video games, noise-canceling earbuds, robot...

Jump 7 years ahead of humans

When you played video games as a kid, you probably searched a lot cheat codes to help you gain a competitive advantage. Specific...