An executive at Kakao has been hit with a three-month suspension, following reports that he misused the company's credit card for his personal gaming expenses.

An executive responsible for Kakao's finances faced internal disciplinary action after making a payment of 100 million KRW (~74,919 USD) worth of game items using a corporate card. Kakao suspended this executive from their duties and fully reclaimed the game payment amount.

News of the incident emerged on September 4, with industry insiders revealing that disciplinary proceedings against "Executive A" began on September 1.

Kakao initiated these proceedings soon after receiving a tip-off regarding unusual charges tied to an executive's company card. Kakao's ethics management team confirmed the report's contents, and the Standing Ethics Committee decided on disciplinary action.

A spokesperson from the tech giant confirmed, "We took swift action to suspend the individual from their duties as soon as we acknowledged the situation." The spokesperson further mentioned that the Standing Ethics Committee, a cross-functional team consisting of various groups in different positions, job functions, and age groups, including management, decided on disciplinary action. According to industry sources, Kakao's Standing Ethics Committee imposed a 3-month disciplinary action on Executive A. 

After joining Kakao in 2015, Executive A served as the Chief Financial Officer (CFO) at Kakao Commerce in 2018. He then worked as the CFO at Kakao Games for three years, leading the company's initial public offering (IPO). 

Last year, he assumed the position of Head of the Financial Support Office at the Future Initiative Center, a role dubbed as Kakao's 'Control Tower.'