Kakao Games held an extraordinary general meeting of shareholders on August 24, greenlighting two proposals aimed at boosting shareholder value. Notably, co-CEOs Kim Tae-hwan and Lee Si-woo, alongside other executives, have opted to purchase company shares valued at approximately 500 million KRW.

The meeting saw the approval of plans concerning the holding and disposal of treasury shares, as well as the resolution to cover deficits and transfer capital reserves into retained earnings. This move serves as a continuation of their shareholder return initiatives, following the cancellation of 500,000 treasury shares back in July.

Kakao Games intends to utilize the remaining 350,000 treasury shares as resources for its Restricted Stock Unit (RSU) program for employees. These RSU grants are tied to long-term management performance, corporate value, and specific shareholder value benchmarks. The board of directors is expected to iron out the finer details of this compensation scheme in the near future.

Furthermore, the company is reducing its capital reserve—worth roughly 1.54 trillion KRW—and transferring it to retained earnings to fund future shareholder return policies. In addition, co-CEOs Kim Tae-hwan and Lee Si-woo, and CFO Shin Kwon-ho are purchasing approximately 500 million KRW worth of company stock.

Kakao Games co-CEO Lee Si-woo stated, "We are committed to the parallel growth of shareholder and corporate value, and we intend to maintain our shareholder return policies from a long-term perspective."