Search results for LAAA Investment
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.
Games & Commerce
Korean game firms reshape leadership as mobile growth formula fades
Major South Korean game companies reshuffled top management and key organisations in the first half of this year, moving in different ways but with similar aims. The changes seek to reduce reliance on a mobile massively multiplayer online role-playing game growth formula and shift business structures toward global markets, PC and console games, and in-house intellectual property. Nexon and Neowiz put development and global capabilities forward, Krafton reshaped publishing leadership, and Kakao Games and Wemade moved amid governance changes.
Games & Commerce
Kakao Games stake deal completed, top shareholder changes to Line Yahoo
Kakao Games\' largest shareholder has changed from Kakao to a special purpose company backed by Japan\'s Line Yahoo, after a share sale and a third-party allocated capital increase were completed. The deal also completed the payment of 300 billion won in new funds. The new top shareholder is LAAA Investment, which holds 33.43 percent. Line Yahoo and related parties hold 38.95 percent in total, while Kakao\'s stake fell to 14.68 percent.
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Games & Commerce
Kakao Games eyes turnaround with management shake-up and new game push ahead of new top shareholder
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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
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Games & Commerce
Naver, Kakao draw attention with different AI strategies
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Games & Commerce
Kakao Games holds meeting after change in largest shareholder; Han Sang-woo says current setup stays, new titles top priority
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Games & Commerce
Kakao Games to come under Line Yahoo\'s umbrella; three parties\' calculations
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Games & Commerce
KakaoGames\' largest shareholder to change to LineYahoo, Kakao to become second-largest