| Source: I live in SK For some context, you can't live in South Korea and not use Kakao, even your grandma has it. So the fact that they have so many holes in their security is a cause for concern. You grandma isn't going to know a fishy link when she sees one, especially with this exploit where domain looks legitimate. A contributing factor is the hierarchical work culture in Korea. You boss gives you a deadline for a feature which is treated an non-negotiable so you cut corners to get it out. Your boss can't 'see' security vulnerabilities, but can see a UI. So you get told "good job" and then get given the next unachievable deadline. This all amounts to an app full of security holes, and until Kakao stock drops because of it, they're not going to address it. |
On the security side though: I don't think it is a work culture at the play because major IT companies in South Korea---often referred as to the initialism 네카라쿠배, for Naver, Kakao, LINE, Coupang and Baemin operated by Woowa Bros---are known for much better work culture and higher compensation than the nation average [1]. It is probably more like that these apps are domestic and hadn't been scrutinized enough compared to globally popular apps.
[1] But still lower than US or even some Korean startups in my experience.