Finance

Game industry expands dividends, share cancellations, seeking to lift \'relatively neglected\' stocks

Major South Korean game companies are strengthening shareholder return policies by introducing dividends or expanding share cancellations. The moves come as the KOSPI has climbed sharply over the past year and entered record territory, while game stocks have been relatively left behind. Companies including Krafton, Netmarble, Pearl Abyss and Webzen outlined payouts, buybacks and cancellation plans. The shift is also linked to small-shareholder pressure and discussions on corporate value-up policies.

Games & Commerce

Devsisters unveils new game roadmap, profitability plan at shareholder meeting

Devsisters held a shareholder meeting to lay out its new game launch roadmap, profitability improvement measures and shareholder return policy. It is preparing a late-July global launch of CookieRun: Crumble and plans cost cuts including a hiring freeze, consolidation of subsidiaries and unpaid executives to support profitability in the second half. The company also detailed plans for China-focused CookieRun: Tower of Adventures and updates for CookieRun: Kingdom.