Kakao Games grants stock options to all regular employees

Kakao Games will grant 16.6 billion won ($14.4 million) of stock options to employees to thank them for their hard work, the company said on Monday.

A total of 216,000 stocks will be provided to 360 employees at a price of 76,700 won. Each employee can purchase up to 600 shares. The stock options can be exercised from July 2023 to July 2028.

"We aim for sustainable growth by building a corporate culture where we motivate our staff members and share the fruits of our success with people who have taken part in the process," the company said in its press release.

Kakao Games went public in September last year on the Kosdaq. Its price recently surged after the release of its latest multi-platform game Odin: Valhalla Rising on June 29.

Kakao Games closed at 84,100 won on Monday afternoon.

BY YOON SO-YEON [yoon.soyeon@joongang.co.kr]