Kim Jae -young, CEO of 'Odin' developer, Kakao Games' second largest shareholder

[Park Ye-jin Park Ye-jin reporter] Kim Jae-young, CEO of 'Odin: Vala Rising' Developer Lion Heart Studio, became the second largest shareholder of Kakao Games.

Kakao Games announced on the 10th that it has decided to increase its third-party paid-in capital increase of KRW 199.6 billion. The number of new shares is 347,101 shares and the issuance price is 56,600 won per share. The payment date is the 18th of this month, and the scheduled listing date is September 1st.

Among them, Kim Jae-young, CEO of Lion Heart Studio, secured 312,8686 shares, or 312,8686 shares, followed by Kakao. With this capital increase, Kim Jae-young's stake in Kakao Games will expand from 2.88%to 6.55%. Kakao, the largest shareholder, is 41%after the paid-in capital increase.

In addition, the core developers of Lion Heart Studio will participate in the paid-in capital increase, and will be assigned to Lee Han-soon, Lee Joon-seok, a technical director, and Kim Bum, who will be assigned 17,872 shares, 15,597 shares, and 12,946 shares. The new shares that have been paid this time are protected for one year and cannot be sold for a year.

Kakao Games said that the purpose of the capital increase is an interest in expanding its global business and enhancing corporate value.

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