Back in 2012, Nexon became NCsoft’s biggest shareholder in an unlikely alliance between South Korea’s 2 biggest gaming companies (Nexon is actually stocklisted on Tokyo Stock Exchange). Today, after 3 years of power struggle and failed working relationship, Nexon has…
NCsoft – CEO extends office term for three years as Nexon looks on
A few days back, NCsoft held a shareholder meeting, and founder Kim Taek-jin’s term as CEO was extended for another three years. Nexon, NCsoft’s largest shareholder, had Executive Director Kim Jung-wook, and Chief Financial Officer Han Kyung-taek in attendance. This is the first time…
NCsoft – Developer teams up with Netmarble to prevent Nexon takeover
NCsoft, facing a possible hostile takeover by Nexon, bought a 9.8% stake in the unlisted Netmarble, worth 380.3 billion Korean Won (USD 345 million) and becomes the fourth largest shareholder. The deal also involves a 700 billion Korean Won (USD…
Nexon vs NCsoft – NCsoft to keep formal response to Nexon private
As the war between Nexon and NCsoft continues, the latter has sent a formal response to Nexon earlier today. This arrives after Nexon’s rather strong-worded public document released last week, which “proposed” NCsoft to make changes to the company structure and…
Nexon vs NCsoft – Official proposal revealed to make NCsoft changes
Following the previous post made, Nexon has officially posted a public notice informing of its proposal to make changes to NCsoft. As the largest share holder of NCsoft with 15.08% shares, Nexon is legally entitled to nominate its own candidates to…
Nexon vs NCsoft – Civil war erupts between two gaming giants in Korea
Nexon, which became NCsoft’s biggest shareholder back in 2012, recently announced that it will participate in the management of NCsoft based on its stake in the company (15.08%), reversing its original decision not to do so. Nexon, stock-listed in Japan, decided…
NCsoft – New President announced for global and western ambitions
Yoon Song-yee, a former Vice President at NCsoft, was recently announced as NCsoft’s new President. She will take responsibility for mapping out the firm’s globalization strategy and management of NC West Holdings, an affiliate in the United States. Yoon is…