[Source: Kakao Games Corp.]
Kakao Games Corp., a game publisher and developer under South Korean mobile platform giant Kakao Corp., will grant stock options to its employees to thank them for their dedication and hard work as the company is cheering the successful debut of its latest hit game Odin: Valhalla Rising.
The company announced in a regulatory filing on Monday that a total of 216,000 shares will be provided to all 360 employees at a price of 76,700 won apiece. Each employee can purchase up to 600 shares with options to be exercised between July 19, 2023 and July 18, 2028.
Kakao Games has decided to award its employees stock options as part of efforts to build a corporate culture to motivate its staff members and share the fruits of success with those who have contributed, said the company.
Kakao Games, which went public on the Kosdaq exchange in September last year, achieved an operating profit of 15.6 billion won over sales of 130.1 billion won in the first quarter of this year.
The company’s stock price has been on a growth curve since its latest multi-platform game Odin: Valhalla Rising launched late June grabbed the top position in Google Play Store.
On Monday, Kakao Games fell 2.77 percent to end at 84,100 won.
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