'Odin' Lion Heart Kim Jae -young, as the second largest shareholder of Kakao Games

Kim Jae-young, CEO of Lion Heart Studio, who developed 'Odin: Valar Rising', became the second largest shareholder of Kakao Games.

Kakao Games announced on the 10th that it decided to increase the third-party capital increase of KRW 199.6 billion. Here, Kim Jae-young secured stocks worth W177.1bn, or about 90%of the new stocks. Along with Kim Jae-young, Lee Han-soon, Lee Han-soon, Technical Director Lee Joon-seok, and Kim Bum Art Director also participated in the paid-in capital increase, and were assigned to 17,872 shares, 15,872 shares, and 12,946 shares of mandatory protection Jesus.

As a result, Kim Jae-young added a 2.88%stake in Kakao Games to a total of 6.55%, with a total of 6.55%. The first shareholder is Kakao (41%), the parent company.

Participation in the capital increase seems to be intended to strengthen the alliance between Kakao Games and Lion Heart Studio. Kakao Games said in a public announcement that the capital increase is interest in expanding global business and enhancing corporate value.

Meanwhile, Lion Heart Studio is preparing for listing with the goal of IPO within the year.

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