The South Korea Fair Trade Commission said that it has designated Netmarble as a semi-conglomerate on 1st May. Netmarble is ranked 57th among all the designated companies.
The reason why Netmarble was designated as a semi-conglomerate was because Netmarble’s total assets exceeded 5 trillion KRW. (Companies whose total assets exceed 5 trillion KRW in Korea are designated as semi-conglomerates by law.) Netmarble was listed on the Korean stock market in May 2017. After that, about 2.7 trillion KRW has flowed into Netmarble. And now Netmarble’s total assets exceeded 5 trillion won. Netmarble's total assets in 2018 were 5.7 trillion KRW, and the number of companies belonging to Netmarble was 26.
Bang Jun-hyuk, Chairman of Netmarble was designated as the head of the company. He is the largest shareholder with 24.36% stake in Netmarble.
A company designated as a semi-conglomerate has a lot of duties by Fair Trade Act. First, it is obligated to disclose important matters about the head office and affiliated companies, the decisions of the large-scale internal transaction board, and the status of the corporate group. In addition, there are restrictions on affiliate people such as the chairman and family members of the chairman, Netmarble CEO Kwon Young-shik.
For the full year of 2017, Netmarble reported net revenues of 2.4 trillion KRW. This was Netmarble's best annual sales. Thanks to this, Netmarble ranked number one company in the Korean game industry.
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