Key Developments For Webzen Inc
Webzen Inc (WZEN.O) (Consolidated Issue listed on NASDAQ Global Market)
Webzen Inc. Signs Publishing Agreement with Red5 Studio
Webzen Inc. announced that it has signed an agreement with the United States-based Red5 Studio regarding a publishing right of a game, T-Project, within the territories of the America and the Europe. The license is set to expire in five years.
Webzen Inc. Signs Contract with NHN GAMES CORPORATION
Webzen Inc. announced that it has signed a contract with NHN GAMES CORPORATION to develop Parfait station for NHN GAMES. KRW 3 billion will used for the development of Parfait station.
Webzen Inc. Announces Appointment of New CEO
Webzen Inc. announced that it has appointed Kim Chang Geun as its new Chief Executive Officer, replacing Kim Nam Ju, effective October 24, 2008.
NHN Games Corp to Acquire Shares of Webzen Inc.-Asia Pulse
Asia Pulse reported that NHN Games Corp, which bought a 10.75% stake in Webzen Inc. in June 2008, has agreed to acquire about 13% more stake in Webzen for some KRW 30 billion (US$26.88 million), or KRW 18,000 per share, a source close to the deal said on September 3, 2008.
Webzen Inc. Announces Sale of Shares by LIVEPLEX CO., LTD. and Its Affiliates
Webzen Inc. announced that LIVEPLEX CO., LTD. and its two affiliates have sold off 1,324,000 shares of the Company, an equivalent to 10.20% stake. As a result, LIVEPLEX CO., LTD. and the affiliates hold a combined total of 1.26% stake in the Company.
