[Edaily Reporter An Yu-ri ] On the 30th, it was announced that Chairman Park Kwan-ho, the largest shareholder of Wemade Co., Ltd.(112040), will sell his entire stake to “NeoPulse,” an investment platform affiliated with Alibaba.

The total transaction value is 9200억 won, and once the deal is finalized this October, NeoPulse will replace Chairman Park as the company’s largest shareholder.

Wemade Co., Ltd. announced in a regulatory filing that day that it had signed a share transfer agreement to transfer 13,350,738 common shares (39.33%) held by Chairman Park to NeoPulse. The total transaction amount is 9200억원. A down payment of 920억원 will be paid today, and the remaining balance of 8280억원 is scheduled to be paid on October 30.

Upon completion of the transaction, NeoPulse will secure a total of 13,663,791 shares (40.25%), including its existing holding of 313,053 shares (0.92%), and will become Wemade Co., Ltd.’s largest shareholder. Chairman Park will divest his entire stake.

As Chairman Park Kwan-ho currently also serves as CEO of Wemade Co., Ltd., changes to the CEO and management structure are expected.

Neopulse is a corporation established in October of last year and is owned by Shengsong Investment Co., Limited, an affiliate of Alibaba. The company is an investment platform that maintains close ties with Alibaba and major Chinese gaming companies.

Wemade Co., Ltd. stated that NeoPulse cited Wemade Co., Ltd.’s MMORPG (massively multiplayer online role-playing game) development capabilities and the strong competitive edge of its flagship IP, “MIR,” in the Chinese market as the primary reasons for the investment. Going forward, NeoPulse plans to drive sustainable growth by pursuing the development of new titles for the global market, including China, and by diversifying and enhancing its IP business model through collaborations with leading Chinese IT companies and game developers and publishers.

This transaction was driven by a shared vision of “evolving toward AI-based games of the future” and “accelerating expansion into the Chinese market.” Based on their conviction that AI will fundamentally transform the gaming industry, both companies plan to actively adopt cutting-edge AI technologies across game development, next-generation graphics, digital humans, and live services to simultaneously enhance content quality and user experience.

A Wemade Co., Ltd. representative stated, “The future gaming market will be determined by how effectively AI is utilized,” adding, “Based on a strong sense of shared vision and trust, this partnership will serve as a key catalyst for securing a leading position in the next-generation gaming market. Wemade Co., Ltd. will continue to meet market expectations through a thorough localization strategy and by strengthening its AI-based game development capabilities.”