Asian Tech Press (Feb 25) -- The nominee for chief executive of South Korean Internet giant Kakao Corp. (KRX: 035720) vowed Thursday that he will bring the company's stocks back above 150,000 won ($125) within his term.

Namkoong Whon was appointed to head the tech giant in January after the former CEO nominee resigned amid a controversial sell-off of stock options, Yonhap News Agency reported.

He will be officially named CEO at a board meeting scheduled for March.

Kakao's stockd fell to 82,600 won last month since hitting an all-time high of nearly 180,000 won in June last year. And the stock price closed 2.81% lower at 90,000 won Thursday.