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| 카카오게임즈 (사진=카카오게임즈) |
[Alpha Biz=(Chicago) Reporter Paul Lee] The regular shareholders' meeting of Kakao Games was concluded as originally planned. It included increasing severance pay and granting stock options to Kakao Games CEO Cho Kye-hyun.
Kakao Games held its 10th regular shareholders' meeting at Seongnam Startup Campus in Gyeonggi Province at 9 a.m. on the 27th.
All six items on the agenda were passed as originally planned.
According to the financial statements approved at the shareholders' meeting, Kakao Games' consolidated sales last year rose 13% year-on-year to 1.1477 trillion won. Operating profit was 175.8 billion won, up 57% from the previous year, but profit and loss was 196.1 billion won.
Kakao Games recorded a net loss for the first time since 2016 when Engine and Daum Games merged. In the fourth quarter of last year, the one-off cost handling following the confirmation of the stake acquisition price of its subsidiary Lion Heart and the impact of valuation losses due to stock price fluctuations by related companies played a major role.
The moving fee limit has been set at 8 billion won, the same as the previous year. The board of directors of Kakao Games consists of two in-house directors, including CEO Cho Kye-hyun, four outside directors and one other non-executive director. The total amount of directors' compensation for Kakao Games, which was actually paid last year, is 2.079 billion won.
At the shareholders' meeting, the bill to grant Cho 50,000 shares of stock options (stock options) was also passed. As a result, Cho has a total of 500,000 stock options.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
