Do Kwon Removed as Director of Chai Payment App Unit: Hankyoreh

Terraform Labs co-founder Do Kwon was dismissed May 18 as director of Chai Pay Holding Co. and Chai Pay SG, Hankyoreh reported, citing a company filing reviewed by the newspaper.

• Daniel Shin, co-founder of Terraform Labs and founder of TMON, one of South Korea’s largest e-commerce platforms, confirmed the dismissal and said that “Kwon has never attended the company’s shareholders’ meeting or board meeting” and that the decision was made to avoid any misunderstanding
  • Kwon “wasn’t an important person to us” and the dismissal was just a formal procedure that was delayed, Shin told Hankyoreh
• Kwon has about a ...