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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.

Finance

KB Financial starts process to select next chair, final candidate due Sept. 11

KB Financial Group has begun the process to select its next chair. Its chair nomination committee said it will hold at least three meetings and name a single final candidate on Sept. 11. The committee approved detailed rules and cut its long list from 20 to 12 candidates, split evenly between internal and external candidates. It also said it will extend verification and provide external candidates about two months to prepare for interviews.

Crypto

Strategy hints at more bitcoin buying as Michael Saylor post draws attention

Strategy has signalled it may resume additional bitcoin purchases after Michael Saylor posted a bubble chart showing the company’s bitcoin buying history over the past six years. The post has often preceded new purchase announcements, prompting market speculation that buying could restart after a pause of several weeks. Investors are also watching a shareholder vote on changing STRC perpetual preferred dividend payments to twice monthly.