Krafton Chief Executive Kim Chang-han bought about 5 billion won worth of company stock, signaling through action his confidence in the company's growth potential and future value.
On the 18th, according to Krafton, Kim acquired 21,144 shares through on-market purchases. The purchase price was 234,249 won per share, for a total of about 4.953 billion won.
The company said the purchase was driven by the view that the current share price does not fully reflect the corporations' intrinsic value and mid- to long-term growth strategy. It also conveyed that Kim, based on strong expectations for the company's growth potential, showed a commitment to responsible management.
Krafton is simultaneously pursuing expansion of franchise IPs with long product life cycles (PLC) centered on its existing game business and new businesses based on artificial intelligence (AI).
Recently, it established the physical AI company "Ludo Robotics" in the United States and Korea to ramp up Robotics research, and on the 13th signed a business agreement with Hanwha Aerospace and is moving quickly to expand new businesses, including pushing to establish a physical AI joint venture.