Search results for Neopulse
Games & Commerce
Wemade delays largest shareholder change to Dec. 30 after final payment postponed
Wemade said the schedule for a change in its largest shareholder has been postponed by two months to Dec. 30 from Oct. 30 due to delays in meeting closing conditions. The company said it revised the expected date for the final payment and the change of largest shareholder. Under a June 30 deal, Chairman Park agreed to sell a 39.33 percent stake to Neopulse for 920 billion won, with 828 billion won due at closing.
Games & Commerce
Game industry labour agendas expand beyond bonuses to restructuring and AI
Labour-management agendas in South Korea\'s game industry are expanding beyond wages and bonuses to include spinoffs, mergers and acquisitions, and AI adoption. Unions are increasingly seeking not only job security after business restructuring but also prior consultation during decision-making. A newly launched Wemade union has called for talks ahead of major strategy shifts and protections tied to shareholder changes. Industry-wide demands have also emerged, alongside growing concerns about AI-driven job insecurity and profit-sharing rules.
Games & Commerce
Neopulse forms investor consortium with Kings Net to acquire Wemade in October
Neopulse, which is pursuing the acquisition of Wemade, has formed an investor consortium with Chinese game company Kings Net and others. Neopulse plans to complete procedures to buy Wemade Chairman Park Kwan-ho\'s stake by Oct. 30 and become the largest shareholder. Wemade and Neopulse said the consortium signed a share purchase agreement on June 30 and is proceeding with steps including final payment and regulatory approval.
