Mobile video editing app company KineMaster announced that it will grant stock options to all employees. On the 25th, KineMaster resolved at its regular shareholders' meeting to grant stock options to all full-time employees. The eligible employees are all staff members employed as of the end of January.
This is the first time KineMaster has granted stock options to all employees. As indicated in last week's shareholder letter, the company explained that this is to reward and share the fruits of performance with employees who have worked hard during the process of pursuing a new vision and entering a larger business. It is also intended to strengthen competitiveness in recruiting new talent and to aggressively secure human resources.
The number of employees granted stock options this time is 117, with a total of 192,000 shares. Each employee received 1,000 shares, and the options can be exercised after more than two years of continuous employment from the grant date.
Meanwhile, KineMaster surpassed approximately 520 million downloads as of the end of last year, and through the recent shareholder letter, expressed its ambition to become a video content company that provides useful projects and a platform for communication within KineMaster.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
