Mgame, First Cash Dividend Since Establishment...29 Billion Won Scale

Mgame announced on the 12th that it has decided to pay cash dividends for the first time since its establishment as part of its shareholder return policy.

The dividend is 150 KRW per common share, with a total dividend amount of approximately 2.9 billion KRW. The dividend plan is scheduled to be approved at the regular shareholders' meeting to be held in March.

Mgame's flagship massively multiplayer online role-playing games (MMORPGs), 'Yeolhyeol Gangho Online' and 'Knight Online,' are experiencing growth by making a comeback in China and the North American and European markets, respectively. Cumulative sales reached 56 billion KRW through the third quarter of this year, a 26.8% increase compared to the same period last year.

In 2024, Mgame plans to launch the idle role-playing game (RPG) 'Queens Knights,' released in the second half of this year, globally and release the side-scrolling MMORPG 'GwihonM.' Additionally, domestic service of the mobile MMORPG 'Jeonmin Gangho,' which utilizes the graphic resources of the self-developed comic martial arts MMORPG 'Yeolhyeol Gangho Online,' and one to two new publishing titles are also planned.

Kwon Yi-hyung, CEO of Mgame, said, "We have decided on a shareholder return policy that meets market expectations by continuously generating stable results. We will do our best to increase corporate value and create business performance to maintain stable dividends and gradually expand our business in the future."