On the 27th, SHIFT UP held its 12th regular shareholders' meeting at the Korea Science and Technology Center in Gangnam, Seoul, and reappointed Kim Hyung-tae as an inside director. Following its debut on the KOSPI last year, this was the first shareholders' meeting for Kim, who promised future leaps as a global gaming company and shared a sustainable growth strategy based on the success of titles such as 'Goddess of Victory: Nikke' and 'Stella Blade.'
At the meeting, in addition to Kim Hyung-tae's reappointment, Jo In-sang was newly appointed as an inside director while serving as the Chief Human Resources Officer and Chief Crisis Management Officer. Alongside this, the approval of the 2024 financial statements and the proposed limit on director compensation also passed as originally planned.
In his opening remarks, Kim said, "I appreciate the shareholders who attended on this cloudy day with rain," and noted, "Since this meeting is a place to jointly seek the right direction for the company's development, I ask for your active cooperation." He added, "I will do my best to ensure that SHIFT UP becomes a global game developer representing Korea."
During the business report, Chief Financial Officer (CFO) Ahn Jae-woo stated, "In 2024, we achieved our best-ever performance thanks to the successes of 'Nikke' and 'Stella Blade,'" and added, "New regional services and platform expansions for these games are planned for 2025, and we are preparing to diversify our portfolio through 'Project Witches,' which is being developed cross-platform."
He continued, "To secure competitiveness amid the rapid changes in the entertainment content market, we are focusing on IP sophistication and differentiated live service strategies."
Regarding the first agenda item, the approval of the 2024 financial statements, CFO Ahn explained, "We achieved the best-ever performance with sales increasing by 32.9% compared to the previous year and operating profit reaching 152.7 billion won," adding, "Net profit also increased, and current liabilities rose by 155.3% due to an increase in deferred revenue."
Meanwhile, the limit on director compensation was approved at 25 billion won, the same as the previous term.