NHN CEO Jung Woo-jin highlighted strong performance across four years at the company’s 13th regular shareholders’ meeting held on March 26 at the Pangyo KGCC center.
Plans for Core Business Overhaul
The CEO announced intentions to fully restructure NHN’s three flagship sectors—gaming, payments, and cloud services—once his contract concludes. He emphasized that 2025 marks a pivotal year for these operations to deliver robust growth and meet all performance benchmarks.
“Our core businesses in gaming, payments, and cloud will achieve healthy development while fulfilling targets,” Jung stated. He added, “We priorize core execution in business strategies, implement real outcomes, and expand reach to a broader user base.”
Gaming Sector Expansion
In gaming, NHN pursues growth through web3 and metaverse iniatives. The company integrates related content and attracts substantial new users via targeted engagement efforts, projecting significant external performance improvements.
Cloud and AI Advancements
The cloud division emphasizes AI integration and cloud computing. NHN Cloud introduces innovative GPU services for graphics processing, driving transformative results. “As NHN Cloud develops new services on upgraded GPU infrastructure, we anticipate posive outcomes,” Jung noted. He further remarked that government-led AI projects will yield even stronger achievements.
Shareholder Value Enhancements
NHN reallocates 15% of adjusted EBDA from PC mainline direct-linked operations toward shareholder returns, including expanded dividends and stock buybacks. Repurchased shares support price stabily and ownership concentration.
Small shareholders receive priory, wh buyback allocations boosted by 50% during sales periods to foster greater loyalty and engagement.
The meeting also confirmed the re-election of outside director James Mee and Hoyoung Burner, a Q1 dividend of 500 won per common share, personnel adjustments for Jeonggwan Ilbu, and other key matters.
