Kakao outage: Co-chief executive quits South Korea internet giant

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The co-chief executive of the company behind the largest mobile messaging app has resigned.

He felt a heavy burden of responsibility over the incident.

The messaging, mobile banking and gaming services were shut down for more than eight hours after a fire damaged the server.

In South Korea, more than 47 million people use the messaging app.

He apologized for the outage and said that he would lead the emergency disaster task force.

The majority of the firm's services were restored by Wednesday.

Concerns have been raised about the public's use of the messaging app.

The president of South Korea said on Monday that the government would examine the dominance of Kakao's services as they were a fundamental national telecommunications network.

The government should take necessary measures for the sake of the people if the market is distorted in a monopoly or severe oligopoly.

There were no injuries after the fire at the SK C&C data centre in Pangyo.

The power supply to the server was stopped due to safety precautions.

Hong Euntaek is the company's sole leader after Mr.Namkoong resigned.

Businesses that were affected by the disruptions will be compensated by the company.

The company plans to build a second data centre in four years and will invest more than 300 billion won to operate its own data centre.