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[Alpha Biz=(Chicago) Reporter Kim Jisun] A 29.3 percent stake in NXC paid by the bereaved family of Nexon founder Kim Jung-joo, who died in February last year, to the government to finance the inheritance tax, is set to be publicly sold in the market this month.
However, it is predicted that there will be no change in management rights even if all of them are sold, so it will not have a special impact on stock prices. Rather, it is showing a noticeable rise among game stocks thanks to strong performance.
Nexon Group's headquarters in Japan, listed on the Japanese stock market, fell 0.69 percent on-day, showing signs of weakness. Nexon Games, listed on the local stock market on the same day, closed at 16,300 won, up 3.56%.
Nexon Games shares have risen more than 8.2% in a month from 15,060 won early last month. Despite the recession in the game industry, cumulative sales surpassed KRW 3 trillion by the third quarter of this year, which is believed to be on the rise.
NXC, an unlisted company, is the largest shareholder with a 46.57% stake in Japan's Nexon, while Japan's Nexon holds a 100% stake in Nexon Korea again. Nexon Korea holds a 60.1% stake in Nexon Games.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
