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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.

Industry

Samsung Electronics approves 110 trillion won shareholder returns, largest ever for Korean company

Samsung Electronics will pursue the largest shareholder returns plan in South Korean corporate history. The company said its board on Aug. 21 approved a 2026 shareholder returns plan estimated at 90 to 110 trillion won, about five times the previous peak in 2020. The decision follows its 2024 to 2026 policy to use 50 percent of free cash flow for shareholder returns. Details will be finalised later this year and next January.

Telecommunications & Media

Broadcast media telecoms commission fails to launch hearing on YTN top shareholder as opposition members boycott

South Korea’s Broadcast Media and Telecommunications Commission was unable to vote to begin a hearing on whether to cancel approval of Eugene ENT’s change in its status as YTN’s largest shareholder after failing to meet a quorum. Opposition-nominated members Choi Soo-young and Lee Sang-geun refused to take part and left, saying courts should rule first. Remaining members said a hearing is needed to hear the company’s views and pledged to revisit the issue.