Zoom Internet Grants 420,000 Stock Options to All Employees, Worth About 20 Million KRW Per Person
[Asia Economy Reporter Bu Aeri] Zoom Internet announced on the 11th that it has granted 420,000 stock options to all employees.
An average of 3,500 stock options were allocated per employee among 118 employees. The exercise price is 5,843 KRW, and the exercise period is a total of 5 years starting 2 years after the grant date.
The total value of the stock options granted this time is approximately 2.4 billion KRW (based on the closing price of 5,820 KRW on the 10th), averaging about 20 million KRW per person.
If the stock price on May 10, 2023, when the initial exercise period arrives, exceeds the exercise price, employees can realize capital gains.
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Lee Seonghyun, CEO of Zoom Internet, stated, "This stock option grant is a form of compensation for the mutual growth of the company and its employees," adding, "We will strive to increase work focus on the techfin business and other projects the company is pursuing to achieve good results."
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