NCSOFT said on the 26th that it held its 29th regular shareholders meeting at the NCSOFT R&D Center in Bundang-gu, Seongnam, Gyeonggi Province.
Co-CEO Park Byung-mu, who chaired the shareholders meeting, said, "NC has devoted itself to reshaping its business portfolio and improving fundamentals for sustainable growth," and noted, "Now the promised strategies are at the stage of being realized as concrete results."
Park, the co-CEO, said, "Starting this year, we will complete a predictable mid- to long-term sustainable growth model through three core pillars: maximizing the value of legacy intellectual property (IP), securing new global IP, and expanding the mobile casual business."
At this shareholders meeting, a proposal to change the company name from "NCSOFT" to "NC" was approved. With the name change, the company wrapped up its brand renewal effort that has included a CI update and a mission reset since 2020.
NC will continue its shareholder return policy to enhance shareholder value. Since 2014, it has paid cash dividends equal to 30% of consolidation net income each year, and this year's dividend aggregates are 22.3 billion won (1,150 won per share).
In addition, a total of six proposals were approved as originally drafted: ▲ approval of financial statements and consolidated financial statements ▲ partial amendment of the articles of incorporation ▲ appointment of outside directors ▲ appointment of outside directors who will serve as Audit Committee Commissioners ▲ approval of the limit on directors' remuneration ▲ approval of the plan for holding and disposing of treasury shares.