Krafton US Subsidiary Acquires Krafton Shares Worth 30 Billion KRW

[Asia Economy Reporter Yuri Choi] Krafton announced on the 24th that the executives and employees of Unknown Worlds, an independent studio located in North America, have purchased Krafton shares.

The acquisition amount of Krafton shares purchased by Unknown Worlds executives Charlie Cleveland, Max McGuire, Ted Gill, and one other employee is approximately 30 billion KRW (22.2 million USD). The funds for the stock purchase were secured in cash when Unknown Worlds was acquired by Krafton and the transaction was conducted in compliance with domestic stock trading procedures for overseas residents.

The executives and employees of Unknown Worlds explained, "We proceeded with this purchase focusing on Krafton's future growth potential, which is generously supporting new game development centered on the essence of games?fun and enjoyment."

Unknown Worlds is a game development company founded in 2001 in the United States by Charlie Cleveland and Max McGuire. They have released PC and console games such as the Half-Life MOD, Natural Selection series, and Subnautica. In September, they launched Moonbreaker in early access and are currently focusing on developing the sequel, Subnautica 2.

Since Krafton's listing on the KOSPI market in August 2021, it chose Unknown Worlds as its first acquisition target to strengthen its global game development competitiveness. Krafton plans to collaborate with Unknown Worlds toward the shared goal of creating unique experiences for global gamers.