Krafton distributes shares to ordinary employees. Those who work outside Korea will also receive them

The PUBG developer shows the wonders of generosity. Krafton will provide a part of the shares to its employees. Moreover, this will affect not only personnel who are based in South Korea. Shares worth $89 million will be given to an international team. There were some nuances.

Participation in the so-called Program of Granting Shares to Employees of the Company, as far as can be understood from the sources presented, was initially limited only to local employees. 

Chairman of the Board of directors of the company Chang Byung-Gyu (Byung Gyu Chang) disagreed with the situation. He has already decided to privately donate shares to international specialists, because, according to him, without them, the success of Krafton would have been impossible.

But perhaps this initiative was originally planned by the management. As the chairman of the board of directors replied in a letter to Krafton employees, the company itself could not provide all its employees with shares due to legal aspects of South Korean legislation.

It is also worth noting that this is not just about shares, but about the so-called “free private shares” (free private shares). They are issued by a private company for its employees and investors — unlike public shares, they cannot be bought or sold without the approval of the company.

Thus, all current employees, as well as those specialists who will join the company before September 2021, will be able to receive remuneration in the form of shares. With this initiative and other ways to reward employees, Krafton hopes to increase its staff by 700 people over the next year.