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Nexon, was best known as South Korea's Biggest Gaming Giant, created its name with several of the most common online games these days, specifically Nexus: The Kingdom of the Winds and KartRider.
Back in 2011, the company achieved great success when raised $1.2 billion in Toyko IPO. Up to now, the value of Nexon shares on Tokyo stocks market has risen nearly 30 %.

Nexon was founded in 1994 by Kim Jung-Ju, he is now the owner of Nexon holding company NXC Corp. Nexon, Nexon America, Nexon Europe, and a pet food company are all under the auspices of the NXC.

Reportedly, Kim individually-owned 64.49% of the holdings,  and his wife, Yoo Jung-Hyun also personally owns 29.43 %. Meanwhile, his own company Wisekids, also a trademark of Nexon Korea, owns another 1.72%.

According to a mainstream business-focused mainstream media outlet in South Korea, Hankyung website reports that the reason why Kim planning to sell his stocks was because of allegations of corruption, which make he drawn into an ongoing prolonged legal battle. “The reports about CEO Kim Jung-Ju looking to sell his shares because of increasing regulations and mentioning about being tired from regulations is different from the truth”, cited Gamemeca, a Korean Game website.

“We are in the process of verifying the sales and it’s taking a bit of time because of issues with our official announcement. Regardless of that fact, we are trying to make an announcement about this as soon as possible but it may be in the days that follow, ”IGamemeca further commented.

Recently, rumor sources claim that Tencent, Chinese social media and video game giant could become a potential buyer for Nexon. If so, this mergers and acquisitions can set to be the biggest deal of the year.

Earlier this month, Kim Jung-Ju also said that Nexon will not be bequeathed to his kids. Kim also said to be used $100 million to donate for charity.