Pearl Abyss Stock Split: Par Value Reduced from 500 Won to 100 Won

CEO Jeong Kyung-in: "We Will Become the World's Top Developer with Red Desert"

Jung Kyung-in, CEO of Pearl Abyss

[Asia Economy Reporter Buaeri] Pearl Abyss announced on the 30th that six agenda items, including a stock split, were approved at the shareholders' meeting.

Following the stock split, the par value per Pearl Abyss share will change from 500 won to 100 won, and the total number of issued shares will increase from 13,189,850 shares to 65,949,250 shares.

At the meeting, approval of the financial statements and consolidated financial statements, as well as the appointment of outside directors and full-time auditors, were also passed. The proposal to approve the limit on directors' and auditors' remuneration was approved as originally proposed.

Jung Kyung-in, CEO of Pearl Abyss, said in his greeting, "The year 2020 was a meaningful year when Pearl Abyss began direct service of 'Black Desert' in the North American and European regions," adding, "We have been dedicated to achieving stable results and preparing new titles to secure new growth engines based on the intellectual property (IP) of Black Desert and EVE."

He continued, "This year, all employees are striving with the goal of having 'Red Desert' recognized in the global market and making Pearl Abyss a developer with world-class capabilities," and added, "We hope it becomes content that brings honor to the nation as a highly anticipated title targeting the global console and PC markets."

Meanwhile, Pearl Abyss also plans to disclose new information about its upcoming title 'Dokkaebi,' following 'Red Desert.'

This content was produced with the assistance of AI translation services.