Chairman Jang Byung-gyu Purchases Additional 10 Billion Won Worth of Krafton Shares... 20 Billion Won in Two Weeks

Jang Byung-gyu, Chairman of Krafton

[Asia Economy Reporter Seungjin Lee] Jang Byung-gyu, chairman of Krafton, has taken steps to enhance shareholder value by purchasing an additional 10 billion KRW worth of Krafton shares.

According to the Financial Supervisory Service's electronic disclosure system on the 28th, Chairman Jang acquired 35,287 shares of Krafton over four trading days from the 22nd to the 25th. The acquisition price ranged from 274,419 KRW to 287,817 KRW per share, with the total purchase amounting to approximately 10.006 billion KRW through on-market purchases.

Previously, Chairman Jang also bought 10 billion KRW worth of Krafton shares on the 17th and 18th. Over the past two weeks, he has purchased shares totaling around 20 billion KRW.

Earlier, during the Q4 earnings conference call held on the 10th, Chairman Jang had announced plans for share repurchases. He stated, "Even considering the recent impact of global macroeconomic trends on stocks, given the various initiatives and business expansion Krafton is preparing, I believe the recent stock price has been undervalued in the mid to long term. We plan to purchase a certain portion of Krafton shares and will disclose this later."

Additionally, Krafton disclosed that employees of '5minLab,' a game development company acquired on the 10th of this month, purchased Krafton shares worth 3.3 billion KRW.

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