Kakao Games Corp. announces an Equity Buyback for KRW 50,000 million worth of its shares.

Kakao Games Corp. (KOSDAQ:A293490) announces a share repurchase program. Under the program, the company will repurchase up to KRW 50,000 million worth of its shares pursuant the contract with Korea Investment & Securities Co., Ltd. The program is aimed at stock price stability and shareholder value enhancement.

The repurchase program will expire on August 9, 2022. As of February 8, 2022, the company had no shares in treasury with in the scope available for dividend and 119,600 shares in treasury through other repurchase.