Relations between NCsoft and Nexon are not exactly comfortable at the moment; you may remember that it’s been only a few months since NCsoft bought a large amount of Netmarble stock just to block any possible takeovers from Nexon. The most recent NCsoft shareholder’s meeting seems to imply both companies are stepping back from that degree of brinksmanship, however. Current NCsoft CEO Kim Taek-Jin extended his time in office up through 2018, a move that Nexon executives present at the meeting did not oppose.
Nexon’s representatives did question the purchase of Netmarble shares at a considerably higher price than they had been purchased in the past and Taek-Jin’s appointment of his wife and brother to high positions within the company. Taek-Jin defended the former as a necessity of buying into a valuable and growing company, while he pointed out that his wife’s appointment coincided with a growth in profits from the company’s American division after it had been suffering from a deficit. It’s unlikely that the fencing between the companies has concluded, but it appears to be at least on hold for the moment.
[Source: MMO Culture]
