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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.

Games & Commerce

Pearl Abyss files corporate value plan, confirms first dividend and share cancellation

Pearl Abyss moved to boost corporate value by adopting a shareholder return policy that includes its first dividend since founding, along with large-scale cancellation and additional purchases of treasury shares. The company filed a voluntary 2026 corporate value plan and a decision on share cancellation on June 9. It plans annual dividends equal to 10 billion won or 10 percent of net profit, whichever is larger, and will cancel 1,403,945 shares on June 12.