Recruitment of Kang Seok-hoon, CEO of Ably
No legal obligation to establish an audit committee, but
Enhancing corporate image through proactive management, “Mobile game company Com2uS is recruiting Kang Seok-hoon, founder of Watcha and CEO of Ably Corporation, as an outside director and audit committee member. Com2uS is known for popular games like the ‘Summoners War’ series and ‘Com2uS Pro Baseball’.”,
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, “According to the gaming industry on the 17th, Com2uS plans to infuse content expertise into its organization through CEO Kang. The company is aiming to transform into a comprehensive content company. A representative from Com2uS stated, ‘CEO Kang is expected to offer various ideas based on his experience founding and operating the online video service (OTT) company ‘Watcha’ and the e-commerce platform ‘Ably’. They also anticipate a new perspective on overseas expansion and new business risks.'”,
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, “The acquisition of stakes in ‘MSTORYHUB’, a company producing web novels and webtoons in 2021, and ‘Mediacan’, specializing in the video business, also aligns with this strategy. In the same year, Com2uS established ‘Jungle Studio’, a story content company. After three consecutive years of losses due to aggressive investment and marketing from 2021 to 2023, the company turned a profit last year. Starting this year, Com2uS plans to focus more on content investment.”,
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, “Com2uS will also propose the establishment of an audit committee at the shareholders’ meeting on March 31. Besides CEO Kang, the recommended members for the audit committee include Joo Shin-hong, CEO of Blue Partners Asset Management and former analyst at Ebest Investment & Securities, and Yoon Hyun-kyung, CSR team director at Dongwha Pharm, who was appointed as an outside director of Com2uS last year.”,
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, “Meanwhile, game company WeMade, embroiled in the virtual asset ‘WEMIX’ hacking incident, is also pursuing the establishment of an audit committee at its shareholders’ meeting on March 28. The WeMade audit committee will be composed of three members: Lee Hyun-cheol, a former standing commissioner of the Securities and Futures Commission, Kim Young-ho, advisor at law firm Sejong, and Lee Sun-hye, professor at Chung-Ang University’s Department of Social Welfare.”,
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, “As a result, after the March shareholders’ meetings, companies ranking from 1st to 7th (by sales) in the gaming industry will all operate audit committees. Notably, WeMade ranks 6th and Com2uS ranks 7th. The trend of establishing audit committees in the gaming industry is interpreted as a strategy to enhance image by responding to the ESG (environmental, social, and governance) management trend. According to current law, listed companies with total assets exceeding 2 trillion KRW must operate an audit committee. Com2uS and WeMade have asset sizes in the 1 trillion KRW range, but they plan to enhance corporate value by proactively establishing audit committees.”,
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, “An industry insider explained, ‘The fact that Com2uS and WeMade, which have no obligation to operate audit committees at this time, are quickly moving to establish them is part of ESG management efforts to ensure management transparency and modernize corporate governance.'”,
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