The Korea Times
Korea’s state pension fund, the National Pension Service (NPS), has unloaded its shares in Krafton, the developer of PUBG: Battlegrounds (PUBG), worth over 110 billion won ($72.87 million), apparently due to concerns over the game studio’s excessive sales reliance on the battle royale game. According to regulatory filings released April 1, the NPS has unloaded 551,844 Krafton shares from March 14, 2025 to Jan. 15 this year. Following the sales, it reduced its stake from 7.1 percent to 6.1 percent. Based on the average closing share price of 319,811 won during the period, the stake reduction is estimated at around 163.7 billion won. However, the total is likely to fall between 117.5 billion won and 197.6 billion won, reflecting the period’s lowest and highest prices, given that transactions were likely concentrated within specific price bands. Given that Krafton’s stock price has trended downward since its listing in 2021, the market estimates that the NPS may have incurred a loss of between 20 billion won and 100 billion won from the recent sale. The NPS did not reveal the reason
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