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[Alpha Biz=(Chicago) Reporter Paul Lee] Game company Krafton, known for its "Battlegrounds," has become the largest shareholder by investing 22 billion won in startup holding company Fast Track Asia. The investment draws particular attention as the company's existing largest shareholder was Shin Hyun-sung, who is on trial on charges of violating the Capital Markets Act in connection with the Terra and Luna crash.
Krafton announced on the 8th that Fast Track Asia became the largest shareholder with a 27.47% stake as it participated in a paid-in capital increase worth about 22 billion won on the 2nd and acquired 205,000 new shares.
The largest shareholder was Shin Hyun-sung (23.88%, 129,270 shares), the former general manager of TERAFORM Labs. As controversy over Terra and Luna continued, some raised the possibility of Shin's stake being sold at the end of last year.
With this investment, Krafton plans to support young people's start-ups and global market challenges in the mid- to long-term and seek new business opportunities.
In fact, Krafton is pushing to diversify its investment area to secure mid- to long-term new growth engines.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
