Krafton net worth was estimated to be around 320.4 million USD (433.8 billion KRW) during Q3 2022. Krafton Inc., located in Bundang-gu, Seongnam, is one of the leading video game developers in South Korea. The company was founded in November 2018 to run Bluehole, which was founded in March 2007 by Chang Byung-gyu, along with its subsidiaries.
PUBG: Battlegrounds, TERA, and New State Mobile are among the well-known video game franchises produced or owned by the company.
| Founded | 5 November 2018 |
| Industry | Video games |
| Official Website | krafton.com |
| Headquarters | Bundang-gu, Seongnam, South Korea |
| Key people | CEO: Kim Chang-han Chairman: Chang Byung-gyu |
| Krafton Net Worth | $320.4 billion (Last Updated 2022) |
Krafton Net Worth
It is estimated that Krafton is worth $18.9 billion. Forbes estimates Chang’s net worth at $2.9 billion, making him one of South Korea’s seven gaming billionaires.
History
PUBG’s success resulted in such an impact that Tencent Holdings invested in the game and the company expanded and acquired a number of studios. In November 2018, Bluehole established Krafton as its video game holding company.
” Krafton” is derived from craft guild names dating back to the Middle Ages. PUBG Corporation’s CEO Kim Chang-han, the creator of PlayerUnknown’s Battlegrounds, has been named Krafton’s CEO.
Does Tencent own Krafton?
A stake in Krafton was purchased by Tencent in 2017 for an amount that has not been disclosed. Tencent subsidiary Image Frame Investment holds a 13.6 percent stake in Krafton, which makes it the second biggest shareholder after the company’s boss and founder Chang Byung-gyu.
A 20 percent drop from Krafton’s IPO
South Korean video game maker Krafton, the company behind PlayerUnknown’s Battlegrounds (PUBG), saw its price drop by up to 20 percent on its trading debut. This is the first Korean company to fail to surpass its IPO price after a surge of offerings last year. It traded at a price of Korean Won (KRW) 444,000, 11 percent lower than its initial public offering price of Korean Won (KRW) 498,000, which puts the company’s value at around $18.9 billion as of today.