News Snapshot:
SEOUL (BLOOMBERG) – Kakao Pay jumped the most in almost two months on Friday (Jan 21) after its three most senior executives handed in their resignations, appeasing investors incensed at the way management sold off shares after the company’s blockbuster debut last year. The fintech arm of South Korean social media and gaming leader advanced as much as 11 per cent in the morning, leading gains in Kakao Corp affiliates including KakaoBank. Chief executive officer Alex Ryu, chief financial officer Kijoo Chang and chief business officer Jin Lee told Kakao on Thursday of their intention to quit. While Mr Ryu’s...
