Krafton Designated as Large Business Group... Third Game Company After Netmarble and Nexon

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[Asia Economy Reporter Kang Nahum] Krafton has been newly designated as a large business group. It is the third game company to receive this designation after Netmarble and Nexon.

The Fair Trade Commission announced on the 27th, "Due to the inflow of public offering funds from the company's IPO and the increase in sales, Krafton has been newly designated as a publicly disclosed business group."

The Fair Trade Commission designates a business group as subject to disclosure if the total assets exceed 5 trillion KRW. This grants the status and responsibilities of a "large enterprise."

Krafton's total fair assets amount to 6.292 trillion KRW, ranking 59th among all 76 companies. Its market capitalization has also surpassed 11 trillion KRW since its listing on August 10 last year. In last year's performance, it recorded sales of 1.8863 trillion KRW, operating profit of 639.6 billion KRW, and net profit of 519.9 billion KRW. Notably, its sales reached an all-time high.

Krafton is the third game company included in the large business groups after Netmarble and Nexon. Among them, Netmarble and Nexon are included in the "mutual investment restricted business groups" with total assets exceeding 10 trillion KRW.

Krafton will be subject to disclosure obligations under the Fair Trade Act and prohibitions against unfair benefits to related parties.

Meanwhile, on the same day, seven other companies including Dunamu, Boseong, KG, Iljin, OK Financial Group, Shinyoung, and Nongshim were also designated as publicly disclosed business groups.

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