Wemade Postpones NeoPulse Stake Sale Closing to December 30, 2026

Wemade disclosed on October 14, 2026, that the closing date of the share transfer agreement covering Chairman Park Kwan-ho's Wemade shares has been changed from October 30 to December 30, 2026, according to techm.kr. The remaining payment and share delivery schedule for the deal is postponed by two months.

The unpaid balance under the contract is 82.8 billion won, excluding the 92 billion won deposit paid at signing. Wemade said the delay is because the conditions precedent for closing specified in the contract between seller and buyer were not fulfilled, but did not disclose which conditions were unmet.

Once the deal closes, NeoPulse will hold 13,663,791 Wemade shares, or 40.25%, including its existing stake, and become the largest shareholder.

Background

On June 30, 2026, Park Kwan-ho signed a share purchase agreement to sell all 13,350,738 Wemade shares, 39.33% of the company, to NeoPulse at 68,910 won per share, totaling about 920 billion won. In 2024, Park returned to management and declared a strategy of substantive management, pursuing global market expansion. Legend of Ymir, released last year, achieved notable results in the global market, and early this year Wemade launched Mir M: Mowang Ssangyong, based on its core IP The Legend of Mir 2, in the Chinese market. In June, Park sent a message to employees saying nothing would change immediately and that he would continue to take responsibility for the company.