"According to industry sources on the 9th, Kakao Entertainment's CEOs, Kim Sung-Soo and Lee Jin-Soo, are expected to step down.
The new CEO of Kakao Entertainment has yet to be decided.
Kakao is reportedly considering the sale of SM Entertainment due to legal risks. While 2-3 companies have shown interest, the sale might significantly alter the direction of Kakao's global entertainment business, hence they are taking a cautious approach.
An industry source said, "There is a company willing to become the owner of SM by offering about 2.5 trillion won. Given Chairman Kim Beom-Soo's decision to focus on core businesses to transform the company's DNA into an AI firm, rapid changes in Kakao are expected."
Wonder which company the industry source is talking about