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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.

Games & Commerce

Nexon holding company NXC buys back 1 trillion won of shares paid in kind to government, to cancel them next month

Nexon Group holding company NXC has bought back part of its own shares that the family of late founder Kim Jung-ju paid in kind as inheritance tax. NXC agreed to acquire 184,001 shares from the Ministry of Economy and Finance at 5,558,000 won per share, in a deal worth about 1.02 trillion won, and plans to cancel them next month. The government’s stake falls, while the sale brings in more than 1 trillion won in non-tax revenue.