| Mobile Web

All articles List

Games & Commerce

Kakao Games secures funds for shareholder returns, executives buy 500 million won of treasury shares

Kakao Games said on Aug. 24 that its co-CEOs Kim Tae-hwan and Lee Si-woo and other executives bought a total of 500 million won worth of its own shares. The company approved plans covering the holding and disposal of treasury shares, as well as deficit coverage and transferring a capital reserve to retained earnings. It will cut a 1.54 trillion won capital reserve and use it for future shareholder return policies. It also plans to introduce RSUs using 350,000 treasury shares.

Finance

One-stop update links name, ID number changes across financial firms

Financial consumers in South Korea who change their name or resident registration number will be able to update their personal information across other financial companies by visiting just one firm they use. The authorities plan to implement the system in the first half of 2027 after building related infrastructure. Under the plan, the Korea Credit Information Services will verify the change and share it with other firms the next day.

Games & Commerce

Namkoong Hoon buys 1 percent stake in Kakao Games, says game industry will grow again

Namkoong Hoon, CEO of Eyes Entertainment, bought a 1 percent stake in Kakao Games on the open market, extending his recent investments in game stocks after JoyCity and Wemeade Play. He said the market views gaming as moving into decline, but he expects growth to resume as technology changes. Namkoong also pointed to Kakao Games’ shareholder structure after Kakao’s stake sale, with Line-affiliated LAAA Investment as top shareholder.