INTERNET
<strong>Kakao founder steps down</strong>
Kakao Group founder Brian Kim has resigned from the board, relinquishing the reins after a series of scandals rocked the South Korean social media and fintech giant. Kim, the self-made billionaire who founded the nation’s top messaging app operator Kakao Corp, would now focus on global business expansion, his company said in an e-mailed statement yesterday. In January, news reports said that police were investigating allegations that Kim evaded nearly US$740 million taxes in 2014. That came on top of criticism from regulators that the Kakao group was fomenting a monopoly, as well as public outrage over