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Photo = Yonhap news |
[Alpha Biz= Reporter Kim Jisun] The government has decided to resume the sale of shares in NXC, the holding company of the Nexon Group.
According to the Ministry of Economy and Finance, the Korea Asset Management Corporation (KAMCO) announced on the 22nd a renewed tender for selecting a lead advisor to manage the sale of NXC shares received through in-kind tax payment.
The shares up for sale consist of 852,000 shares of NXC, valued at approximately 4.7 trillion KRW, inherited as part of the estate of the late Nexon founder, Kim Jung-ju, and used for inheritance tax payment.
The government has already included a portion of the expected proceeds from the sale in the non-tax revenue budget for next year.
However, if the sale fails, it could result in a revenue shortfall, potentially disrupting the government’s fiscal management goals.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
