Can Krafton address investors’ concerns about stock price?
BUSAN — Krafton, the Korean game developer behind hits like PUBG: Battlegrounds, saw its stock price drop 27.76 percent over the past six months, from 376,500 won on May 12 to 272,000 won on Wednesday.
Over the same period, the country’s benchmark KOSPI jumped 59.2 percent, while another domestic game giant Netmarble saw its stock rise 10.9 percent. Although listed on the Japanese stock market, another Korean game titan, Nexon, recorded a 62.7 percent increase in its stock price.
The company’s absence from the broader stock rally came despite its solid earnings. Buoyed by the steady popularity of the PUBG franchise, Krafton has been posting record-high earnings almost every quarter. Most recently, the company, for the first time,…
