Placeholder canvas

High school dropout becomes billionaire after gaming firm goes public

Date:

Bang Jun-hyuk (48), a high school dropout who was born in a textile factory slum, is a man behind one of the biggest IPO’s (Initial Public Offering) In South Korea. His attitude and hard work towards his company Netmarble Games Corp is inspirational. His company became a global gaming giant by smartphone-oriented games. The shares after IPO raised $2.3 Billion and the company was valued around 13 billion which is even more than LG Electronics Inc.

ALSO READ: Recycled India Hyderabad couple promotes bamboo usage sustainable livelihood

While big South Korean companies like Samsung and Hyundai focuses on manufacturing, Bang realized the potential of smartphones early in his career. H e started the company with just 8 employees in the year 2000.

The Netmarble Corp also sealed a deal with a Chinese tech giant Tencent Holding which invested around $500 million back in 2014 to give capital appreciation to the company.

ALSO READ: Okwu launches smartphone in India

Bang owns 24.5 percent of Netmarble Games Corp and after his company went public he is valued at $2.9 billion according to a report. Around 3000 employees work in Netmarble Games Corp.

 

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

IPL 2024: Venkatesh-Manish’s 83-Run Stand, Mitchell Starc’s Pure Pace Inspire KKR To 24-Run Win Against MI

KKR ended their 12-year wait for a win at the Wankhede stadium with a 24-run win to edge closer to the playoff spots

Canada: Indian Couple, Grandchild Killed During Police Car Chase

Ontario police were pursuing a liquor shop robbery suspect who was travelling the incorrect way when he collided with a car carrying an Indian family

IPL 2024: Venkatesh, Manish Propel KKR To 169 After MI Pacers Ran Rampant At Wankhede

In the third over, Raghuvanshi punished Thushara for wavering off his line and length with a six to silence the vibrant blue waves

MEA Issues Travel Advisory For Indians Traveling To Iran And Israel

Earlier in an advisory which was issued on April 12, the MEA asked the Indian Nationals to avoid visiting the two Gulf countries amid tensions between Iran and Israel following an Israeli air strike