Wemade announced on the 22nd that Jang Hyun-guk, Vice Chairman who served as CEO until earlier this year, sold all of his 363,354 shares (1.08% stake) through on-market transactions from the 17th to the 18th.
The price for the shares disposed of by Vice Chairman Jang over the two days amounted to approximately 15.477 billion KRW.
Jang served as Wemade's CEO from 2014 until earlier this year. In March, Park Kwan-ho, the founder and major shareholder who is also the chairman of the board, was appointed as CEO and chairman, stepping down from the CEO position.
A Wemade official stated regarding this matter, "This is a simple share sale, and there is no change in Vice Chairman Jang's position."
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