With its largest shareholder now shifted to LY Corporation, Kakao Games is gearing up for an extraordinary general meeting of shareholders to shake up its board of directors.

According to the official filing, Kakao Games will hold this meeting at the Kakao AI Campus on the 22nd, with the appointment of new executives topping the agenda. The most intriguing bits? The proposed addition of former Line Games VP Kim Tae-hwan and current Kakao Games CBO Lee Si-woo as executive directors. Naturally, the rumour mill is already spinning, with many in the industry betting on them to step up as the new co-CEOs.

Kim Tae-hwan, one of the nominees, is no stranger to the industry, having held key roles at Nexon Korea and Nexon America. He joined Line Games in 2023 as VP and CSO, though word is he quietly stepped down around March or April this year.His departure has fueled plenty of speculation, with some whispering that he might be brought in to spearhead a merger between Line Games and Kakao Games.

Then there is Lee Si-woo, a veteran who previously led business operations at NHN and Wemade, and even served as secretary general of the Gamein Foundation. Having been with Kakao Games since its inception to head the mobile publishing division, he has been instrumental in the company’s expansion. He has since climbed the ranks to VP and CBO, effectively running the show for their gaming business.

Aside from the leadership shuffle, the meeting will also address the appointments of Professor Im Tae-seop from Sungkyunkwan University as an outside director, and Seo Seok-ho, a managing director at Petricor Partners, as a non-executive director. Best of luck to the board.