[Market Focus] Concerns Over Declining Traffic... Krafton Drops 4.12%

Amid concerns about declining traffic in the second half of the year, Krafton's stock price is on a downward trend.

As of 11:25 a.m. on October 14, Krafton was trading at 291,000 won, down 12,500 won (4.12%) from the previous trading day.

On this day, Eugene Investment & Securities maintained its "Buy" investment rating on Krafton but lowered its target price from 510,000 won to 460,000 won.

Jung Ehoon, a researcher at Eugene Investment & Securities, stated, "Krafton's sluggish stock performance in the second half is due to the lack of new releases and a decline in PUBG traffic. Although new titles such as 'Subnautica 2' and 'Palworld Mobile' are planned for next year, it will take some time before their launch schedules become clear."

He added, "We have lowered our earnings estimates for the fourth quarter of this year and for next year, and have accordingly reduced our target price."