Kakao Games Acquires Additional 288 Billion KRW Shares of European Subsidiary

Kakao Games announced on the 12th that it will additionally acquire 195.09 million shares of its Netherlands-based subsidiary, Kakao Games Europe, for approximately 288 billion KRW.

After the acquisition, the ownership stake will be 100%. The scheduled date for the stock acquisition is the 20th. The company stated that the purpose of the acquisition is "repayment of Kakao Games Europe's borrowings and operating funds for global services."