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Games & Commerce

Kakao Games likely to adopt co-CEO system with Kim Taehwan and Lee Siwoo; extraordinary meeting set for June 22

Kakao Games plans to hold an extraordinary shareholders meeting later this month to reshuffle its board. Kim Taehwan, a vice president at LINE Games, and Lee Siwoo, the company’s chief business officer, were nominated as inside directors and could take up posts as co-CEOs after appointment. The board changes are conditional on completion of a deal that would make LAAA Investment, funded by Line Yahoo, the company’s largest shareholder.

Finance

FSC urges securities sector to restore core functions, discusses expanding risk capital supply

South Korea’s Financial Services Commission held a consultative body meeting with comprehensive investment finance companies, SME-focused brokerages and policy lenders to discuss ways to strengthen risk-capital supply, improve related rules and support exit markets. The FSC said seven firms with risk-capital obligations supplied 99 trillion won in the first quarter, up 20 trillion won from the previous quarter. It also outlined plans to expand SME-focused brokerage designations, incentives and evaluation rules, build an intermediation platform and step up oversight of leverage investment risks.

Games & Commerce

NCSoft to launch \'Aion 2\' globally in second half, offer PC platform service

NCSoft said on Tuesday it has set the global release schedule for its MMORPG \'Aion 2\' for the second half of this year. The global version is being developed as a PC-only platform service available via Steam and Purple, and users can add it to their Steam wishlist from Tuesday. The company plans to build and operate servers for North America, South America, Europe and Japan and support 10 languages.