Late Kim Jung-ju's wife Yoo Jeong-hyun appointed as internal director of Nexon holding company NXC

Yoo Jeong-hyun, the wife of Nexon founder Kim Jung-ju, has been appointed as an inside director of NXC. NXC is the holding company of Nexon.

NXC held its regular shareholders' meeting on the 31st of last month and approved the appointment of Yoo as an inside director. Yoo co-founded Nexon with founder Kim in 1994 and actively participated in the company's management before serving solely as an auditor since 2010.

NXC stated, "As a co-founder of the company, Director Yoo Jeong-hyun will participate in key board decisions through this appointment and work with other board members to establish a foundation for the company's long-term growth."

Founder Kim passed away in the United States in February last year. Yoo inherited 67.49% of Kim's NXC shares and became the largest shareholder in September last year. Yoo holds a 34% stake, and her two daughters inherited shares amounting to 31.46%.

NXC is the top-tier company as the holding company of Nexon. It holds 46.2% of Nexon's shares listed on the Tokyo Stock Exchange. Nexon owns 100% of Nexon Korea's shares.

However, NXC and Nexon plan to maintain a professional management system.

Meanwhile, at this NXC regular shareholders' meeting, in addition to Yoo's new appointment, the reappointment of CEO Lee Jae-gyo and CFO Kwon Young-min as inside directors, and the appointment of Lee Hong-woo as the new auditor were approved.

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