| Mobile Web

Search results for retained earnings

Games & Commerce

Kakao Games secures funds for shareholder returns, executives buy 500 million won of treasury shares

Kakao Games said on Aug. 24 that its co-CEOs Kim Tae-hwan and Lee Si-woo and other executives bought a total of 500 million won worth of its own shares. The company approved plans covering the holding and disposal of treasury shares, as well as deficit coverage and transferring a capital reserve to retained earnings. It will cut a 1.54 trillion won capital reserve and use it for future shareholder return policies. It also plans to introduce RSUs using 350,000 treasury shares.

Games & Commerce

Neptune decides to cancel 1,081,286 treasury shares, 2.31 percent of total

Neptune said on Aug. 13 it decided to cancel its own shares for the first time since listing, following a board resolution. The company plans to cancel 1,081,286 shares out of 1,801,049 treasury shares it holds, equal to 2.31 percent of total shares outstanding. After the cancellation, its treasury shares will fall to 719,763 shares. Neptune said it will establish and implement mid- to long-term shareholder return and corporate value policies.

Games & Commerce

Kakao Games sets rebound push with five new games, targets return to profit in Q1 2027

Kakao Games is reorganising non-core businesses under a new co-CEO structure and concentrating on launching five new titles. The company reported second-quarter revenue of 75 billion won and an operating loss of 23 billion won, with revenue down year-on-year and quarter-on-quarter. It sees sales bottoming in the second and third quarters, expects a meaningful rebound from the fourth quarter, and aims to turn profitable in the first quarter of next year.