Kakao Pay shares rebound after CEO, execs step down amid stock options row

Kakao Pay shares rebound after CEO, execs step down amid stock options row

Photo: Kakao Pay website

Shares in South Korean financial services firm Kakao Pay Corp jumped on Friday after the company said its CEO and two other executives were stepping down following a slump in the stock, amid fierce criticism of their exercising of stock options soon after the firm listed last November.