[Special Stock] Krafton Plummets Amid Bleak Outlook for IPO Price Recovery

Krafton is experiencing a sharp decline from the early opening on the 12th.

At 9:30 AM, Krafton was trading at 302,500 KRW, down 4.72% (15,000 KRW) compared to the previous day.

On this day, Heungkuk Securities downgraded Krafton's target price from 470,000 KRW to 430,000 KRW, stating that although there is growth potential, it will take time to recover the IPO price.

This is because concerns such as the license agreement for Pocket Pair's 'Palworld' and intellectual property (IP) rights need to be resolved. Earlier, the major Japanese game company Nintendo filed a request for a complete ban on the use of Palworld's IP.