South Korea-based mobile game publisher Netmarble promoted its head of corporate strategy and senior vice-president, Chanseok Choi, to head of investment and managing director last month.
Choi originally joined Netmarble in 2004, and has overseen investor relations and mergers and acquisitions for the company, also working on an initial public offering sized at approximately $2.5bn in 2017.
During that time, Netmarble also pledged to broaden its game repertoire, focusing on intellectual property and artificial intelligence, having launched the Netmarble AI Revolution Centre in early 2018.
Choi participated in investments in Netmarble portfolio companies including social game developer Playtika, mobile game producer Kabam and entertainment company BigHit.
The promotion has come at a time when Netmarble, whose presence accounts for about one-quarter of its home country’s mobile gaming market, is seeking to form a consortium to buy competitor Nexon, which is selling 98.6% of its stake worth ₩10 trillion ($8.9bn).
Photo of Chanseok Choi courtesy of LinkedIn.
