NCSoft Holds 25th Annual General Meeting of Shareholders... "Developing New Titles Across Various Genres"

[Asia Economy Reporter Seungjin Lee] NCSoft (hereinafter NC) held its 25th regular general meeting of shareholders on the 30th at the NCSoft R&D Center in Bundang-gu, Seongnam-si, Gyeonggi-do.

NC CEO Kim Taek-jin said in his greeting at the shareholders' meeting, “We are creating an open R&D policy that actively accepts and reflects the demands of global customers from the early stages of development,” and added, “Currently, NCSoft's top priority goal is a more solid leap as a global game company.”

NC aims to globally launch the PC and console title 'TL' in the second half of the year. Lineage W is planned to be released in Western countries such as North America and Europe in the second half of this year.

CEO Kim said, “We are developing new titles in various genres including not only the main genre MMORPG but also action battle royale, collection RPG, and interactive movies,” and added, “We will expand new titles to console platforms following PC and mobile, making NCSoft's stage bigger and broader in the world.”

NCSoft continues efforts to enhance governance transparency and shareholder value. In 2021, it established the 'ESG Management Committee,' the first among domestic game companies, and received the highest evaluation grade among Korean game companies from global ESG evaluation agencies. The dividend payout ratio has been maintained above 30% since 2014, and it plans to pay 30% of consolidated net income as cash dividends by 2024. This year's total dividend amounts to approximately 119 billion KRW (5,860 KRW per share).

CEO Kim said, “We will listen to the opinions of shareholders, customers, and organizational members from various perspectives and strive to enhance corporate value,” and added, “We will maintain the stance of a global comprehensive game company loved by customers worldwide and continue stronger challenges.”

At this shareholders' meeting, all five agenda items, including ▲approval of financial statements ▲appointment of other non-executive directors ▲appointment of audit committee members ▲appointment of outside directors ▲approval of director remuneration limits, were passed as originally proposed.

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