Due to stock price slump... Subsidiary '5MinLab' purchases Krafton shares worth 3.3 billion KRW

[Asia Economy Reporter Seungjin Lee] Employees of 5min Lab, an independent studio under Krafton, announced on the 28th through a disclosure that they purchased Krafton shares.

The acquisition amount of Krafton shares purchased by 5min Lab's CEO Moonhyung Park and other executives is approximately 3.3 billion KRW.

5min Lab explained that this stock acquisition was carried out at the suggestion of 5min Lab executives, and employees also participated, showing trust in Krafton's future growth.

The purchase funds were made with cash secured by 5min Lab’s founders and internal shareholders at the time Krafton acquired 5min Lab.

Moonhyung Park, CEO of 5min Lab, stated, “Krafton is enhancing corporate value through new game development and business expansion, showing high growth potential,” and added, “This stock purchase is an expression of confidence and trust in the success that 5min Lab is demonstrating as it starts anew as an independent studio under Krafton.”

Krafton acquired 100% of the shares of the domestic game developer 5min Lab on February 10 and incorporated it as one of its seven independent studios. It has announced that it will actively support the development of new titles thereafter.

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