Wemade, KR7112040001

Wemade delays control transfer involving Wemade stock

Published on 10/19/2026 at 02:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The transfer date moved from October 30 to December 30, 2026. Wemade stock is tied to a 40.25 percent stake and KRW 828.0 billion balance.

Control change and operating pressure

The control sale deadline moved to December 30, 2026, after closing conditions took longer.
Second-quarter 2026 revenue fell 7.3 percent to KRW 108.0 billion.
Wemade's next earnings report is scheduled for November 11, 2026.

Wemade, KR7112040001, Illustration mit AI erstellt.

Wemade (KR7112040001) postponed the scheduled change of its largest shareholder from October 30 to December 30, 2026, after conditions for closing the control sale took longer than expected. Asia Business Daily reported the change on October 15, 2026.

Why did the deadline move?

The amended schedule concerns a KRW 920.0 billion transaction involving founder Park Kwan-ho's 39.33 percent stake. The remaining payment was reduced to a KRW 828.0 billion balance after a KRW 92.0 billion deposit, according to the same October 15 report from Asia Business Daily.

The transaction would leave a consortium backed by NeoPulse and Kingnet with a 40.25 percent stake and control of Wemade. The approval process for Kingnet's overseas investment is the stated source of uncertainty, while the report said the parties remained committed to completing the deal.

What does the deal mean for earnings?

Operating performance provides a separate test for the stock. In the second quarter of 2026, Wemade generated KRW 108.0 billion in revenue, down 7.3 percent from the same period a year earlier, while operating loss reached KRW 21.0 billion. ATS View reported the figures from filings. In the first quarter of 2026, revenue was KRW 153.0 billion and operating profit was KRW 8.5 billion, showing a KRW 45.0 billion sequential revenue decline and a swing to an operating loss.

Three dates frame the control change

On June 30, 2026, Park agreed to sell his 39.33 percent holding for KRW 920.0 billion, as reported by Financial News. On October 1, 2026, Asia Today described the 40.25 percent consortium stake and Kingnet's USD 298.0 million contribution to the structure.

On October 15, 2026, Wemade moved the largest-shareholder change to December 30, 2026, from October 30, 2026. The next reported earnings date is November 11, 2026, according to TradingView.

Wemade stock stays tied to two tests

Wemade stock was last at KRW 14,050 on the KOSDAQ on October 19, 2026 at 9:33 a.m. KST. The market capitalization was KRW 475.0 billion, while the 52-week range was KRW 12,570.00 to KRW 34,850.00 as of October 19, 2026. For investors, the December control deadline and the next earnings report now provide two concrete dates for judging whether the ownership change can improve the company's operating trajectory.