The proposed reappointment plan for NHN CEO Jung Woo-jin (48) was passed at the general shareholders’ meeting and the term of office was extended to March 2026. He has been recorded as the CEO with the longest tenure among the top executives (CEOs) of the domestic game industry.
At the 10th regular shareholders’ meeting held at the Gyeonggi Center for Creative Economy & Innovation in Seongnam-si, Gyeonggi-do on the 28th, NHN △approved financial statements and statement of disposition of retained earnings △reappointed CEO Jung as an inside director and appointed outside director Jeong Ji-won △appointed a member of the Audit Committee △approved the director’s remuneration limit △ It was announced that five agendas, including the extension of the exercise period for stock options (stock options), were passed as originally proposed.
CEO Jung, born in 1975, joined Naver in 2001 before NHN split its personnel from Naver. He has served as NHN’s representative since 2014 following serving as head of the NHN Business Center in 2013, when Naver’s game business division was split. He became CEO at the age of 38, served as CEO for 9 years, and will lead the company for another 3 years.
NHN said, “Since taking office, CEO Chung has been presenting key decisions and directions for the game business.”
With CEO Chung’s second appointment confirmed, NHN’s game business is expected to gain more strength. Previously, in his New Year’s address this year, CEO Jeong said, “We plan to introduce new games that we have been working hard on to the market.”
At the shareholders’ meeting, the agenda to newly appoint Jung Ji-won, director of Sierra Investment’s investment headquarters, as an outside director of NHN and a member of the audit committee was also passed. Director Chung is the first female outside director since the company was founded.
Director Jung was born in 1982 and worked at Samil Accounting Firm from 2008 to 2021 and served as the chief risk manager (CRO) of MC Partners, a private equity fund management company, until February of this year.
An NHN official said, “We decided that Director Chung’s expertise in financial accounting would help the company’s transparent management, so we appointed her as the first female outside director since the foundation.” We will establish a transparent governance structure and strive for environmental, social, and governance (ESG) management.”
The limit on remuneration for directors this year was 6 billion won, the same as last year. The stock option exercise period for Lee Seung-chan, head of NHN’s personnel support group, has been extended from November 7, 2020 to November 6, 2025. The number of shares covered is 15,140 shares, and the exercise price is 37,965 won.
