Kakao Games Corp. announced a private placement of 2,711,805 common shares at an issue price of KRW 77,100 for gross proceeds of KRW 209,080,165,500 on November 1, 2021. The transaction will include participation from Jaeyoung Kim for 2,257,851 shares, Hansoon Lee for 194,552 shares, Junseok Lee for 142,671 shares and Beom Kim for 116,731 shares. The transaction has been approved by the board of directors and is expected to close on November 25, 2021. The shares are subject to a hold period of one year from the date of issue.