Mar 22 • 06:16 UTC 🇰🇷 Korea Hankyoreh (KR)

Krafton's Management Buys Back Shares Worth 15 Billion Won, ‘Confident in Company's Future’

Krafton's executives have invested heavily in buying back shares, signaling confidence in the company's future amidst market concerns about its growth potential.

Krafton's leadership, including its CEO and founder, has made headlines by purchasing shares worth 15 billion won, a move interpreted as a show of confidence in the company's future growth amidst ongoing market skepticism. On the 20th, the chairman of Krafton's board, Jang Byung-kyu, announced a plan to buy 10 billion won worth of shares in a public filing, stating that this move is to support the long-term strategic direction of the management. Earlier, CEO Kim Chang-han disclosed that he had personally purchased 5 billion won in company stock, indicating a strong belief in the company's potential for recovery and growth.

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