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Due to gambling and censorship difficulties inside the Kakao ecosystem, the organization's board of directors ejected Kim-beom-soo as CEO and decided to replace him with Rim Ji-hoon. Kim Beom-soo turn into the largest shareholder in the new pro forma business with a 22.two percent stake. On 26 May perhaps 2014, Kakao Corp. announced that it had decided to merge with Daum Communications, 1 of Korea's prime Web portals, by means of a stock swap.


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