Jang Byung-gyu, the founder and board chair of Krafton, reaffirmed confidence in management's growth vision by deciding to buy about 10 billion won worth of company shares on the open market.
According to a filing on the 20th, Jang plans to acquire 43,103 company shares through open-market purchases. The buying period is from Apr. 21 to May 20, and the purchase price is 232,000 won per share.
The purchase follows Krafton Chief Executive Officer (CEO) Kim Chang-han's earlier acquisition of about 5 billion won worth of company shares.
The company said the decision was made to show support based on confidence in the mid- to long-term strategy and growth direction that CEO Kim is pursuing.
It added that management holds strong conviction about mid- to long-term growth, alongside the view that the current share price does not fully reflect the company's intrinsic value and growth potential.