Nexon 30th Anniversary 'Generous Rewards'
Cash Payments for Overseas Subsidiaries Unable to Provide Stock
Nexon, celebrating its 30th anniversary, has decided to grant 100 shares of company stock to approximately 8,000 employees.
According to the gaming industry on the 12th, Nexon announced that it will provide 100 Restricted Stock Units (RSUs) to all full-time employees affiliated with its corporations.
The shares will be granted on the 26th of next month, and employees of overseas corporations who cannot receive stock will be paid cash equivalent to 100 shares.
RSUs are a system that grants shares upon meeting certain conditions to encourage employees' mid- to long-term performance. The RSUs granted this time will vest upon meeting the service condition by May 15, 2025.
According to the Q3 earnings report disclosed by Nexon's Japan corporation on the same day, the total number of Nexon employees is 7,296 in Korea and 243 in Japan, totaling 8,664.
This stock grant is estimated to be worth approximately 20.4 billion KRW based on Nexon's closing price on the day (2,572 yen, about 23,500 KRW).
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