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[Newsmaker] Watchdog to look into stock options row at Kakao Pay
[Newsmaker] Watchdog to look into stock options row at Kakao Pay
MarketsJan 21, 2022
The Financial Supervisory Service is looking to scrutinize whether executives’ decision to exercise stock options that prompted a stock plunge at Kakao Pay was a sign of risk management deficiencies the financial services firm should address, according to an FSS official. The CEO and two other executives at Kakao Pay stepped down Thursday amid criticism that their exercise of stock options in December last year, a month after the firm listed, brought an unwarranted stock dip. The CEO had