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.
