Wemade Founder Sells 39.33% Stake at 3x Market Price, Triggering Stock Volatility

According to Korea Exchange (KRX), Wemade founder and chairman Park Kwan-ho sold his 39.33% stake (13.35 million shares) to Neopluse on June 30 at 68,910 won per share, valuing the transaction at 920 billion won. The price represented approximately 3 times the closing price before announcement, reflecting a substantial control premium.

The stake sale has triggered significant stock volatility across Wemade's three listed entities. Wemade's stock rose to its daily limit of 25,100 won on July 1, then retreated to 18,670 won by July 7, recording two-digit percentage swings on three of five trading days this month. Wemade Max and Wemade Play also posted limit-up moves on July 1, with Wemade Max gaining 51.82% for the month. Neopluse will pay the remaining 828 billion won balance by October 30, 2026.