Wemade’s largest shareholder, Chairman Park Kwan-ho (박관호), will sell all of his stake to a global investment platform.

Wemade said on June 30 that Park signed a share purchase agreement on that day to sell all of his Wemade shares. The total deal value is about 920 billion won. The acquisition is led by the investment platform NeoPulse, which has close ties with Alibaba and major Chinese gaming companies.

NeoPulse cited as key reasons for the investment Wemade’s development capabilities for massively multiplayer online role-playing games and the competitiveness in China of its flagship intellectual property, Mir.

NeoPulse plans to pursue development of new titles globally, including for the Chinese market. It also plans to diversify IP business models in cooperation with Chinese game developers and publishers. The 920 billion won corporate valuation reflects Mir IP’s revenue-generation power, proven through subsidiaries including Chuanqi IP, and future growth potential from integrating artificial intelligence.

The two companies will pursue a shared vision of evolving toward AI-based games following the deal. They plan to adopt advanced AI technologies across game development, next-generation graphics, digital humans and live services to improve content quality and user experience.

A Wemade official said, "The future game market will be determined by how effectively AI is used," and added, "This partnership will be a key opportunity to secure a leading position in the next-generation game market based on strong consensus and trust."

The official added, "We will continue to meet market expectations through a thorough localisation strategy and strengthened AI-based game development capabilities."