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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

Mgame executives buy 100 million won worth of own shares

Mgame said on Thursday that its registered executives, including Vice President Hong Deung-ho and Director Lee Jae-chang, bought 50 million won each of the company’s shares on the open market. It said the purchases reflect management’s confidence in the company’s sustainable growth and that it will consider additional buying depending on market conditions. Mgame has expanded shareholder-friendly policies, including cash dividends and a 2 billion won share buyback to be fully retired.

Games & Commerce

Retail shareholders unite amid weak game stocks, press for meetings and treasury share cancellations

Retail shareholders in South Korea\'s game industry are stepping up collective action as weak share prices persist and calls to boost shareholder value grow. Investors in Pearl Abyss, Devsisters and Wemade have demanded shareholder meetings, buybacks and cancellations of treasury shares, limits on executive pay and disclosure on new game development. Some companies have responded with shareholder return plans, meetings and cost-cutting steps, while broader pressure on the sector is spreading.