![]() Saturday's fire started in the lithium-ion batteries and power lines supplying electricity to the data center, according to Hong. servers, in a similar way as national disaster management facilities. ![]() One possibility under discussion is for the government to regulate private data centers, such as those housing Kakao and Naver Corp. Kakao has been the target of antitrust crackdowns due to its market dominance before, but the outages have since sparked discussion by South Korea's lawmakers about possible revisions to the broadcasting communications law to step up oversight. The recent disruptions have highlighted the nation's dependence on the group. Millions more were unable to buy groceries, while overseas family members were suddenly unable to reach loved ones for a weekend chat. On Saturday, users found themselves unable to hail a ride or pay for their taxis. He added that he reduced the fund's holding in Kakao, anticipating parliamentary hearings and other newsflow ahead. That's basic," said Shin Jin-Ho, co-CEO at Midas International Asset Management, which manages $9 billion in assets. "Data centers are designed to be very safe from fire and other disasters. Most services, including the KakaoTalk messenger app, have now been restored. However, it will take some time to assess the full extent of the damage and determine the amount of compensation that will be required. Kakao is working to compensate users and business partners who were affected by the recent outage, and is investigating the cause of the problem. He acknowledged that it will take a lot of time and effort to regain the trust that was lost.Įuntaek Hong will continue to lead the company as its sole CEO, while Namkoong said he will stay on to help oversee an investigation into the causes of the disruption and the compensation drive. Namkoong apologized for the extended inconvenience in a news briefing on Wednesday. The disruption was caused by a fire at an SK C&C data center in Seoul, raising questions about whether Kakao had done enough to safeguard the services used by millions of people across the country. ![]() ![]() Kakao's recent outage has sparked a debate among policymakers and consumers about whether one company should have such a large impact on the economy. Kakao Corp's co-CEO Whon Namkoong has resigned following a widespread outage that caused chaos in a nation heavily reliant on Korea's most popular messaging and social media service. ![]()
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