Kakao Games Europe B.V. announced that it will issue 328,759,918 shares at a price of KRW 1,368.78 for gross proceeds of KRW 450,000,000,560 on October 29, 2021. The transaction will include participation from returning investor Kakao Games Corp. to retain 100% stake in the company. The transaction has been approved by the board of directors of the company. The transaction is by way of third party capital increase.