Corporate Governance

Company Overview

Company Name	Webzen Inc.
Date of Establishment	April 2000
Listing Date	KOSDAQ : May 2003
CEO	Kim, Tae Young
Primary Business	Online & Mobile Game

Paid-in Capital	KRW 17,655,442,000
Closing Date	December
Total Assets	KRW 703,063,820,174 (As of December 31 2023)
Head Office	242, Pangyo-ro, Bundang-gu, Seongnam-si, Gyeonggi-do, Korea
Contact Number	031-627-6600

Articles of incorporation(As of Mar-19, 2021)

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Shareholding Structure

(As of December 31 2023)

Major Shareholder and Related Parties

27.32%

FunGame International Limited

20.45%

Treasury Stock

15.69%

Others

36.53%

Share	Rate
Major Shareholder and Related Parties	27.32%
FunGame International Limited	20.45%
Treasury Stock	15.69%
Others	36.53%
Total	100.00%

Details about the shareholders

(As of December 31 2023)

Details of Stock Issued (A Par Value: 500won)(Unit: million KRW)

Types of Stock	Number of Shares Issued	Total Par Value	Remarks
Common	34,950,884	17,655,442,000	2023.Feb. Retirement of Stocks
Preferred	-	-	-
Total	34,950,884	17,655,442,000	-

Common

Number of Shares Issued	35,310,884
Total Par Value	17,655,442,000
Remarks	-

Preferred

Number of Shares Issued	-
Total Par Value	-
Remarks	-

Total

Number of Shares Issued	35,310,884
Total Par Value	17,655,442,000
Remarks	-

Details of Treasury Stock(Unit: shares)

Types of Stock	Number of Shares	Holding Ratio
Common	5,484,069	15.69%
Preferred	-	-
Total	5,484,069	15.69%

Common

Number of Shares	5,484,069
Holding Ratio	15.69%

Preferred

Number of Shares	-
Holding Ratio	-

Total

Number of Shares	5,484,069
Holding Ratio	15.69%

Board of Directors

Board of Directors (As of March 22 2024)

Name	Position	Election Date	Term	Authority	Remarks
Kim, Tae Young	Chairman of the Board / CEO	March 22 2024	3 years	Business Management	Inside Directors
Kim, Nan Hui	Director	March 31 2023	3 years	General Direction	Inside Directors
Yeoun, Bo Hum	Director	March 31 2023	3 years	Technical Direction	Inside Directors
Sang, Mi Jung	Director	March 25 2022	3 years	Auditing	Outside Directors (Members of Audit Committee)
Kim, Won	Director	March 25 2022	3 years	Auditing	Outside Directors (Members of Audit Committee)
Kwon, Jin Hong	Director	March 25 2022	3 years	Auditing	Outside Directors (Members of Audit Committee)

Kim, Tae Young

Position	Chairman of the Board / CEO
Election Date	March 22 2024
Term	3 years
Authority	Business Management
Remarks	Inside Directors

Kim, Nan Hui

Position	Director
Election Date	March 31 2023
Term	3 years
Authority	General Direction
Remarks	Inside Directors

Yeoun, Bo Hum

Position	Director
Election Date	March 31 2023
Term	3 years
Authority	Technical Direction
Remarks	Inside Directors

Sang, Mi Jung

Position	Director
Election Date	March 25 2022
Term	3 years
Authority	Auditing
Remarks	Outside Directors (Members of Audit Committee)

Kim, Won

Position	Director
Election Date	March 25 2022
Term	3 years
Authority	Auditing
Remarks	Outside Directors (Members of Audit Committee)

Kwon, Jin Hong

Position	Director
Election Date	March 25 2022
Term	3 years
Authority	Auditing
Remarks	Outside Directors (Members of Audit Committee)

Inside Directors

Name	Position	Remarks
Kim, Tae Young	CEO	CEO (Representative Director)
Kim, Nan Hui	Director	Business Administration Dep. Director of Webzen. Inc.
Yeoun, Bo Hum	Director	The Technical Committee Chairman of Webzen. Inc.

Kim, Tae Young

Position	CEO
Remarks	CEO (Representative Director)

Kim, Nan Hui

Position	Director
Remarks	Business Administration Dep. Director of Webzen. Inc.

Yeoun, Bo Hum

Position	Director
Remarks	The Technical Committee Chairman of Webzen. Inc.

Outside Directors

Name	Position	Remarks
Sang, Mi Jung	Director	CTA, C&T tax accounting office
Kim, Won	Director	Lawyer, Han Yang (Law Firm)
Kwon, Jin Hong	Director	Lawyer, Lee&Ko (Law Firm)

Sang, Mi Jung

Position	Director
Remarks	CTA, C&T tax accounting office

Kim, Won

Position	Director
Remarks	Lawyer, Han Yang (Law Firm)

Kwon, Jin Hong

Position	Director
Remarks	Lawyer, Lee&Ko (Law Firm)

Audit Committee

Name	Position	Remarks
Sang, Mi Jung	Director	CTA, C&T tax accounting office
Kim, Won	Director	Lawyer, Han Yang (Law Firm)
Kwon, Jin Hong	Director	Lawyer, Lee&Ko (Law Firm)

Sang, Mi Jung

Position	Director
Remarks	CTA, C&T tax accounting office

Kim, Won

Position	Director
Remarks	Lawyer, Han Yang (Law Firm)

Kwon, Jin Hong

Position	Director
Remarks	Lawyer, Lee&Ko (Law Firm)

Independent Auditors

Name	Date of appointment(Terms of Contract)	Latest auditing result
KPMG	2023(3 Years)	Unqualified

KPMG

Date of appointment(Terms of Contract)	2023(3 Years)
Latest auditing result	Unqualified