Krafton Grants 30 Billion KRW RSUs to Founder and CEO... Full Effort to Enhance Shareholder Value

On the 27th, Krafton announced that it granted Restricted Stock Units (RSUs) worth 22.3 billion KRW and 12 billion KRW to its founder and Chairman of the Board Jang Byeong-gyu and CEO Kim Chang-han, respectively.

RSUs are a system that awards a predetermined number of shares instead of cash when certain conditions are met, designed to promote medium- to long-term performance creation among executives and employees.

Chairman Jang will receive 30,000 shares each time Krafton's target market capitalization exceeds 30 trillion KRW, 35 trillion KRW, and 40 trillion KRW, up to a maximum of 90,000 shares over a 10-year period. Additionally, 3,000 shares will be granted based on factors such as term expiration and achievement of relative stock price growth.

CEO Kim will receive 10,000 shares if he remains in office until the end of his term. Furthermore, he can be awarded up to 50,000 shares depending on the execution of his announced "Scale Up the Creative" strategy (up to 20,000 shares), operating profit (up to 10,000 shares), and relative stock price growth (up to 10,000 shares), among other criteria.

Krafton explained the RSU grants as "a decision to promote responsible management and enhance shareholder value," adding that "it was reasonably reflected considering the long-term roles and responsibilities for growth, as well as management contributions, as the Chairman of the Board and top executives."

Meanwhile, Krafton's market capitalization was approximately 12.4297 trillion KRW as of this date.