- Report of Foreign Issuer (6-K)
May 14 2009 - 6:37AM
Edgar (US Regulatory)
FORM
6-K
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Report
of Foreign Issuer
Pursuant
to Rule 13a-16 or 15d-16
of
the Securities Exchange Act of 1934
For the
month of May 2009
Commission
File Number: 000-50476
Webzen
Inc.
(Translation
of registrant’s name into English)
9th
Floor, Daelim Acrotel Building
467-6
Dogok-dong, Kangnam-Ku,
Seoul,
Korea 135-971
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F:
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1):
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(7):
Indicate
by check mark whether by furnishing the information contained in this Form, the
Registrant is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934:
If “Yes”
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b):
N/A
Webzen
Inc.
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Item
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1.
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Webzen
Inc. FY 2009 Q1 Earnings Results
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2.
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Earnings
Report (Fair Disclosure)
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3.
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Cancellation
of Stock Options Granted
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4.
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Grant of Stock
Options
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SIGNATURES
Pursuant to the requirements of the
Securities Exchange Act of 1934, the Registrant has duly caused this report to
be signed on its behalf by the undersigned, thereunto duly
authorized.
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Webzen
Inc.
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Date:
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May
14, 2009
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By:
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/s/
Chang Keun Kim
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Name:
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CHANG
KEUN KIM
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Title:
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Chief
Executive Officer
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WEBZEN
INC. 2009 Q1 EARNINGS RESULTS
2009
Q1 Results Summary
(Unit:
KRW mm)
|
|
0
9
.Q
1
|
0
8
.Q
4
|
QoQ
|
0
8
.Q
1
|
YoY
|
|
Revenue
|
7,422
|
7,211
|
2.9%
|
7,146
|
3.9%
|
|
Operating
Expenses
|
5,516
|
5,862
|
-5.9%
|
10,914
|
-49.5%
|
|
Operating
Profit
|
1,905
|
1,349
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41.2%
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-3,768
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-150.6%
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|
Ordinar
y Profit
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4,672
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-1,763
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365.0%
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-1,894
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-346.7%
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Net Income
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4,356
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-2,019
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315.8%
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-2,108
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-306.6%
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Revenue
During
1
st
quarter, we recorded a 7.4 billion KRW revenue and 1.9 billion KRW operating
profit (Profit Continuous).
Total
operating expenses decreased 5.9% to 5.5 billion KRW due to controlling of
operating expenses effectively, thus operating profit increased 41% compared to
previous quarter.
Ordinary
Profit
increased
to 4.6 billion won
and net
income recorded 4.3
billion won.
2009
Q1 Revenue Breakdown
(Unit:
KRW mm)
|
|
0
9
.Q
1
|
08.Q
4
|
QoQ
|
0
8
.Q
1
|
YoY
|
|
Revenue
|
7,422
|
7,211
|
2.9%
|
7,146
|
3.9%
|
|
Domestic
|
3,505
|
3,819
|
-8.2%
|
4,757
|
-26.3%
|
|
Overseas
|
3,855
|
3,320
|
16.1%
|
2,367
|
62.9%
|
|
Other
|
62
|
72
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-13.9%
|
22
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181.8%
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Domestic
revenue decreased 8.2% to 3.5 billion KRW. MU and SUN have been showing signs of
slowing in Korea, and we will try to increase the revenue with regular updates
and adding new payment method. Overseas royalty increased 16.1% to 3.8 billion
KRW from previous quarter and revenue.
Domestic
Revenue Breakdown
(Unit:
KRW mm)
|
|
0
9
.Q
1
|
08.Q
4
|
QoQ
|
0
8
.Q
1
|
YoY
|
|
MU
|
3,270
|
3,409
|
-4.1%
|
4,018
|
-18.6%
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|
Individual
|
2,817
|
2,868
|
-1.8%
|
3,172
|
-11.2%
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|
Internet
Café
|
453
|
541
|
-16.3%
|
846
|
-46.5%
|
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SUN
|
235
|
410
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-42.7%
|
739
|
-68.2%
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Individual
|
163
|
300
|
-45.7%
|
533
|
-69.4%
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Internet
Café
|
73
|
110
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-33.6%
|
206
|
-64.6%
|
|
Total
|
3,505
|
3,819
|
-8.2%
|
4,757
|
-26.3%
|
MU
individual revenue decreased 1.8% to 2.8 billion KRW and internet café revenue
decreased 16.3% to 4million KRW. SUN’s revenue, including internet
café revenue, was 235 million KRW.
SUN
internet café revenue was slow due to the partial subscription model (micro
transaction model) and high competitive market of MMORPG.
Overseas
Royalty Revenue Breakdown
(Unit:
KRW mm)
|
|
0
9
.Q
1
|
08.Q
4
|
QoQ
|
0
8
.Q
1
|
YoY
|
|
MU
|
1,399
|
1,153
|
21.3%
|
862
|
62.3%
|
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Japan
|
749
|
751
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-0.3%
|
508
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47.4%
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Vietnam
|
197
|
74
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166.2%
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13
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1415.4%
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Taiwan
|
179
|
116
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54.3%
|
105
|
70.5%
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China
|
144
|
87
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65.5%
|
126
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14.3%
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US
|
102
|
92
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10.9%
|
64
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59.4%
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Philippines
|
25
|
30
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-16.7%
|
43
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-41.9%
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Singapore
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3
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3
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0.0%
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3
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0.0%
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SUN
|
2,456
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2,167
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13.3%
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1,505
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63.2%
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Japan
|
1,460
|
889
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64.2%
|
363
|
302.2%
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China
|
916
|
1,195
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-23.3%
|
1,074
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-14.7%
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Taiwan
|
81
|
83
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-2.4%
|
68
|
19.1%
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Total
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3,855
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3,320
|
16.1%
|
2,367
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62.9%
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MU’s
overseas royalty revenue increased 21.3% to 1.3 billion won.
MU China,
Japan and US revenue have increased with regular updates. SUN’s overseas royalty
revenue during first quarter was 2.4billion won which increased 13.3% from
previous quarter.
Total
Operating Costs
(Unit:
KRW mm)
|
|
0
9
.Q
1
|
08.Q
4
|
QoQ
|
0
8
.Q
1
|
YoY
|
|
Total Operating
Costs
|
5,516
|
5,862
|
-5.9%
|
10,914
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-49.5%
|
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Labor Costs
|
2,769
|
2,696
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2.7%
|
4,720
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-41.3%
|
|
Commission
Paid
|
798
|
814
|
-2.0%
|
2,701
|
-70.5%
|
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Amortization of Intangible
Asset
|
518
|
452
|
14.6%
|
578
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-10.4%
|
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Depreciation
|
175
|
267
|
-34.5%
|
303
|
-42.2%
|
|
Marketing
Expenses
|
95
|
205
|
-53.7%
|
848
|
-88.8%
|
|
Sales
Commission
|
52
|
64
|
-18.8%
|
110
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-52.7%
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Other
|
1,109
|
1,364
|
-18.7%
|
1,654
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-33.0%
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Total Operating
Expenses
Labor
costs, which constitute about 45% of our total operating costs, decreased 5.9%
to 5.5 billion KRW.
As of end
of 1
st
quarter, our total headcount decreased to 314, from 330 end of fourth quarter of
2008. Depreciation decreased 34.5% to 175 million KRW. Sales Commission
decreased 18.8% to 52 million KRW. Commission paid decreased 2.0% to 798 million
KRW.
As a result of
minimizing unnecessary marketing expenses, marketing expenses decreased 53.7% to
95million KRW. Other costs were 1.1 billion KRW.
Non-operating
Items
(Unit:
KRW mm)
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|
0
9
.Q
1
|
08.Q
4
|
QoQ
|
0
8
.Q
1
|
YoY
|
|
Non-operating
Income
|
2,767
|
-3,111
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188.9%
|
1,873
|
47.7%
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Interest
Income
|
672
|
976
|
-31.1%
|
967
|
-30.5%
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Profit (Loss) on Foreign
Exchange
|
2,003
|
1,303
|
-53.7%
|
538
|
272.3%
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|
Gain on Equity
Method
|
-342
|
-674
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-49.3%
|
-513
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-33.3%
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Gain on disposal of
Marketable
Securities
|
20
|
30
|
-33.3%
|
390
|
-94.9%
|
|
Other
|
414
|
-4,746
|
-108.7%
|
491
|
-15.7%
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The
interest income recorded 672 million won and the decrease of loss in equity
method of 342 million won
and the decrease in gain on
disposal of marketable securities. However, we have profit recorded 2.0 billion
won from the Foreign Exchange
As of end
of first quarter, cash, cash equivalents, and marketable securities were 67.9
billion won.
Equity
Method
(Unit:
KRW mm)
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|
0
9
.Q
1
|
08.Q
4
|
QoQ
|
0
8
.Q
1
|
YoY
|
|
9Webzen
|
-
|
0
|
-
|
-63
|
-
|
|
Webzen
Taiwan
|
-1
|
1
|
-
|
-1
|
-
|
|
Webzen
China
|
-14
|
-390
|
-
|
0
|
-
|
|
Webzen
America
|
-326
|
-286
|
14.0%
|
-449
|
-36.3%
|
|
Total
|
-341
|
-674
|
-49.4%
|
-513
|
31.4%
|
We
recognized a 341 million KRW loss on equity method from our overseas
subsidiaries.
Webzen
Inc.
Non-consolidated
Balance Sheet
*
The FY 2009 Q1 financials have been
prepared on an unaudited basis, and may be subject to change during the
independent auditing process
*
The FY 2009 Q1 financial statements are non-consolidated, and have been prepared
under the Korean General Accepted Accounting Principles)
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2009
Q1
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2008
Q4
|
|
Assets
|
|
|
|
|
|
I.
Current assets
|
|
79,276,883,733
|
|
76,475,160,673
|
|
(1)
Quick assets
|
|
79,276,883,733
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|
76,475,160,673
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1.
Cash and cash equivalents
|
|
49,377,800,886
|
|
40,328,785,906
|
|
2.
Short-term financial instruments
|
11,294,048,947
|
|
10,793,924,271
|
|
|
Government
Subsidy
|
(19,676,200)
|
11,274,372,747
|
-19,676,200
|
10,774,248,071
|
|
3.
Accounts receivable
|
9,374,716,128
|
|
8,662,819,853
|
|
|
Allowance
for doubtful accounts
|
(630,985,430)
|
8,743,730,698
|
-633,782,561
|
8,029,037,292
|
|
4.
Short-term loans
|
432,369,600
|
|
468,190,200
|
|
|
Allowance
for doubtful accounts
|
(60,000,000)
|
372,369,600
|
-60,000,000
|
408,190,200
|
|
5.
Prepaid expenses
|
|
524,075,023
|
|
295,866,678
|
|
7.
Derivatives Assets
|
|
206,999,225
|
|
145,000,000
|
|
8.
Other current assets
|
|
|
|
|
|
Accrued
income receivable
|
|
1,001,630,982
|
|
1,245,493,355
|
|
Non-trade
receivable
|
|
522,042,328
|
|
9,446,035,419
|
|
Marketable
securities
|
|
7,117,492,604
|
|
5,787,413,752
|
|
Advance
payments
|
|
0
|
|
15,090,000
|
|
Prepaid
income taxes
|
|
136,369,640
|
|
0
|
|
Value
added tax
|
|
0
|
|
0
|
|
|
|
|
|
|
|
II.
Non-current assets
|
|
55,173,772,151
|
|
54,380,881,728
|
|
(1)
Investments
|
|
1,978,683,240
|
|
2,690,077,964
|
|
1. Long-term
financial instruments
|
|
1,305,860,000
|
|
1,708,909,000
|
|
2. Investments
in securities according to equity method
|
|
111,445,160
|
|
114,782,507
|
|
3. Long-term
loans
|
6,069,778,080
|
|
5,641,438,480
|
|
|
Allowance
for doubtful accounts
|
(5,508,400,000)
|
561,378,080
|
-4,775,052,023
|
866,386,457
|
|
|
|
|
|
|
|
(2)
PP&E
|
|
5,267,403,236
|
|
5,461,695,792
|
|
1.
Land
|
|
1,514,373,250
|
|
1,514,373,250
|
|
2.
Buildings and auxiliary facilities
|
3,363,329,203
|
|
3,363,329,203
|
|
|
(Accumulated
depreciation)
|
(478,554,633)
|
2,884,774,570
|
-457,533,825
|
2,905,795,378
|
|
3.
Equipment
|
10,752,747,419
|
|
10,782,857,647
|
|
|
(Accumulated
depreciation)
|
(10,176,039,278)
|
|
-10,077,885,916
|
|
|
Government
Subsidy
|
(1,855,030)
|
574,853,111
|
-2,137,129
|
702,834,602
|
|
4.
Facilities
|
1,925,401,135
|
|
1,925,401,135
|
|
|
(Accumulated
depreciation)
|
(1,631,998,830)
|
293,402,305
|
-1,586,708,573
|
338,692,562
|
|
|
|
|
|
|
|
(3)
Intangible assets
|
|
5,351,857,032
|
|
4,998,235,129
|
|
1.
Capitalized R&D costs
|
|
3,416,973,327
|
|
3,057,725,783
|
|
2.
Computer Software
|
|
1,934,883,705
|
|
1,940,509,346
|
|
3.Other
Intangible assets
|
|
|
|
0
|
|
|
|
|
|
|
|
(4)
Other non-current assets
|
|
42,575,828,643
|
|
41,230,872,843
|
|
1. Long-term
prepaid expenses
|
|
30,896,781,893
|
|
30,897,106,893
|
|
2. Guarantee
deposits
|
|
10,361,304,600
|
|
10,032,963,800
|
|
Rent
Guarantee
|
9,875,573,600
|
|
9,886,007,600
|
|
|
Other
Guarantee
|
485,331,000
|
|
146,556,200
|
|
|
Right
for Telephone Facilities
|
400,000
|
|
400,000
|
|
|
3. Other
investments
|
|
1,317,742,150
|
0
|
300,802,150
|
|
Total
assets
|
|
134,450,655,884
|
|
130,856,042,401
|
|
|
|
|
|
|
|
Liabilities
|
|
|
|
|
|
I.
Current liabilities
|
|
6,084,774,294
|
|
6,208,173,010
|
|
1.
Debt
|
|
0
|
|
0
|
|
2.
Accounts payable
|
|
1,218,804,797
|
|
849,496,678
|
|
3.
Accrued expenses
|
|
271,058,359
|
|
263,021,219
|
|
4.
Accrued Expenses-Income Taxes
|
|
0
|
|
5,044,290
|
|
5.
Unearned revenues
|
|
3,770,531,402
|
|
3,890,090,675
|
|
6.
Other current liabilities
|
|
|
|
|
|
Withholdings
|
|
97,753,171
|
|
135,931,091
|
|
WithholdValue
added tax
|
|
163,772,235
|
|
202,296,912
|
|
Deposits
received
|
|
0
|
|
0
|
|
Provision
for other estimated liabilities
|
|
67,404,300
|
|
77,400,000
|
|
Advances
received
|
|
109,443,027
|
|
113,413,152
|
|
7.
Derivatives Liability
|
|
386,007,003
|
|
671,478,993
|
|
|
|
|
|
|
|
II.
Fixed liabilities
|
|
5,347,743,192
|
|
5,646,156,446
|
|
1.
Long-term unearned income
|
|
2,534,727,659
|
|
2,765,718,092
|
|
2.
Accrued severance benefits
|
|
2,813,015,533
|
|
2,858,613,917
|
|
3.
Long-term borrowings
|
|
0
|
|
21,824,437
|
|
Total
liabilities
|
|
11,432,517,486
|
|
11,854,329,456
|
|
|
|
|
|
|
|
Capita
|
|
|
|
|
|
I.
Capital stock
|
|
6,487,000,000
|
|
6,487,000,000
|
|
1.
Common stock
|
|
6,487,000,000
|
|
6,487,000,000
|
|
|
|
|
|
|
|
II.
Capital surplus
|
|
135,773,206,813
|
|
135,527,919,976
|
|
1.
Additional paid-in capital
|
|
135,527,919,976
|
|
135,527,919,976
|
|
2.
Other Capital Surplus
|
|
245,286,837
|
|
0
|
|
|
|
|
|
|
|
III.
Capital adjustments
|
|
(19,276,137,251)
|
|
-19,037,931,510
|
|
1.
Stock option
|
|
938,238,162
|
|
1,176,443,903
|
|
2.
Treasury Stock
|
|
(14,069,335,944)
|
|
-14,069,335,944
|
|
3.
Gains on sale of treasury stock
|
|
(6,145,039,469)
|
|
-6,145,039,469
|
|
|
|
|
|
|
|
IV.
Accumulated other comprehensive income
|
|
(2,020,334,065)
|
|
-5,468,189,063
|
|
1.
Capital Adjustment-Unrealized gains on AFS
|
|
1,136,205,914
|
|
1,228,952,477
|
|
2.
Capital Adjustment-Unrealized losses on AFS
|
|
(331,920,397)
|
|
-4,268,493,352
|
|
3.
Loss on investments in equity method securities
|
|
(2,824,619,582)
|
|
-2,428,648,188
|
|
|
|
|
|
|
|
V.
Retained earnings
|
|
1,969,281,372
|
|
1,492,913,542
|
|
1.
Legal appropriated retained earnings
|
|
322,500,000
|
|
322,500,000
|
|
2.
Appropriated-Reserve for business rationalization
|
|
117,904,363
|
|
117,904,363
|
|
3.
Appropriated-Reserve for future investments
|
|
442,699,142
|
|
442,699,142
|
|
4.
Unappropriated retained earnings to be carried forward
|
|
1,086,177,867
|
|
609,810,037
|
|
(Net
loss)
|
(245,787,602)
|
|
-10,471,305,597
|
|
|
|
|
|
|
|
|
Total
shareholders' equity
|
|
122,933,016,869
|
|
119,001,712,945
|
|
|
|
|
|
|
|
Total
liabilities and SE
|
|
134,365,534,355
|
|
130,856,042,401
|
Webzen
Inc.
Non-consolidated
Income Statement
*
The FY 2009 Q1 financials have been
prepared on an unaudited basis, and may be subject to change during the
independent auditing process
*
The FY 2009 Q1 financial statements are non-consolidated, and have been prepared
under the Korean General Accepted Accounting Principles)
|
|
2009
Q1
|
2008
Q4
|
|
|
|
|
|
I.
Sales
|
7,421,752,484
|
7,210,806,250
|
|
Online
game
|
3,566,810,450
|
3,890,935,852
|
|
Royalty
|
3,854,942,034
|
3,319,870,398
|
|
|
|
|
|
II.
Cost of goods sold
|
2,876,181,275
|
3,039,654,253
|
|
Online
game
|
2,876,181,275
|
3,039,654,253
|
|
|
|
0
|
|
III.
Gross profit
|
4,545,571,209
|
4,171,151,997
|
|
|
|
|
|
IV.
SG&A
|
2,640,532,765
|
2,822,450,044
|
|
Salaries
expenses
|
1,063,544,639
|
1,184,852,416
|
|
Bonus
|
51,470,518
|
4,500,000
|
|
Severance
benefits
|
74,500,421
|
(147,215,903)
|
|
Welfare
benefits
|
91,967,130
|
178,617,654
|
|
Travel
expenses
|
27,247,845
|
34,719,811
|
|
Entertainment
expenses
|
38,618,003
|
55,942,612
|
|
Communication
expense
|
12,279,267
|
15,746,614
|
|
Utility
expenses
|
10,252,133
|
7,613,961
|
|
Taxes
and dues
|
43,672,700
|
163,225,458
|
|
Depreciation
|
35,190,302
|
55,375,234
|
|
Rental
expense
|
120,879,174
|
161,149,714
|
|
Repairs
expenses
|
0
|
90,910
|
|
Insurance
premium
|
38,756,175
|
43,648,645
|
|
Vehicle
maintenance expenses
|
10,564,983
|
12,428,911
|
|
Ordinary
research and development expenses
|
130,092,068
|
23,461,444
|
|
Freight
expenses
|
908,847
|
3,127,016
|
|
Training
expenses
|
6,151,460
|
26,543,462
|
|
Publication
expenses
|
1,926,600
|
5,168,684
|
|
Office
supplies expenses
|
1,012,299
|
1,261,164
|
|
Supplies
expenses
|
4,074,729
|
7,384,460
|
|
Commissions
paid
|
597,136,353
|
616,743,057
|
|
Advertising
expenses
|
95,139,581
|
204,895,460
|
|
Sales
commissions
|
52,257,800
|
64,027,700
|
|
Amortization
cost of intangible assets
|
52,343,719
|
43,684,046
|
|
Sample
expenses
|
0
|
|
|
Compensation
expenses assoc. w/ stock options
|
80,546,019
|
55,457,514
|
|
|
|
|
|
V.
Operating Profit
|
1,905,038,444
|
1,348,701,953
|
|
|
|
|
|
VI.
Non-operating income
|
3,324,358,789
|
2,438,252,483
|
|
Interest
income
|
673,183,325
|
977,486,407
|
|
Gains
on foreign currency transaction
|
1,280,918,859
|
680,009,271
|
|
Gains
on foreign currency translation
|
922,482,976
|
905,640,589
|
|
Income
from commission
|
12,000,000
|
12,000,000
|
|
Gains
on available for sale securities
|
27,200,427
|
30,666,112
|
|
Gains
on disposition of PPE
|
411,739
|
19,237,953
|
|
Equity
income on investments
|
0
|
0
|
|
Reversal
of Allowance for Doubtful Accounts
|
15,422,112
|
111,796,542
|
|
Dividend
Income
|
28,167,400
|
0
|
|
Gain
in Derivatives
|
347,471,215
|
(317,500,000)
|
|
Gain
on Derivatives
|
0
|
16,300,000
|
|
Miscellaneous
income
|
17,100,736
|
2,615,609
|
|
|
|
|
|
VII.
Non-operating expenses
|
557,771,203
|
5,549,754,952
|
|
Interest
Expense
|
1,260,187
|
1,490,162
|
|
Losses
on foreign currency transaction
|
44,536,926
|
107,373,298
|
|
Losses
on foreign currency translation
|
155,365,216
|
175,503,646
|
|
Loss
on disposal of tangible assets
|
0
|
23,543,740
|
|
Equity
losses on investments
|
341,745,730
|
674,636,210
|
|
Losses
on disposal of available-for-sale securities
|
7,641,156
|
0
|
|
Donations
|
0
|
450,000
|
|
Decr.
in Intangible Assets
|
0
|
424,000,000
|
|
Loss
on Derivatives
|
0
|
255,512,799
|
|
Miscellaneous
losses
|
7,221,988
|
4,128,961
|
|
Impairment
Losses on Marketable Securities
|
|
3,883,116,136
|
|
|
|
|
|
XI.
Income before income tax expenses
|
4,671,626,030
|
(1,762,800,516)
|
|
|
|
|
|
XII.
Income tax expenses
|
315,817,622
|
256,464,201
|
|
Tax
|
297,905,234
|
218,927,983
|
|
Income
Taxes
|
17,912,388
|
124,903,508
|
|
|
|
|
|
XIII.
Net income (loss)
|
4,355,808,408
|
(2,019,264,717)
|
Contacts:
Webzen
Inc.
Daelim
Acrotel Building, 6th Floor
467-6
Dogok-dong, Kangnam-Ku,
Seoul,
Korea 135-971
Donghoon
Lee
Investor
Relations
+
82-2-3498-6818
Email:
mpower@webzen
.com
Forward-Looking
Statements:
Certain
statements in this document may include, in addition to historical information,
“forward-looking statements” within the meaning of the “safe-harbor” provisions
of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking
statements can generally be identified by the use of “estimate,” “anticipate,”
“believe” “project,” or “continue” or the negative thereof or other similar
words, although not all forward-looking statements will contain these words.
These forward-looking statements are based on our current assumptions,
expectations and projections about future events. All actual performance,
financial condition or results of operations to be materially different from
those suggested by the forward-looking statements, to collect, and in a timely
manner, license fees and royalty payments from or operate commercially
successful online games; our ability to compete access technological
developments in our industry; our ability to recruit and strategies; and
economic and political conditions globally. Investors should consider the
information contained in our submissions and filings with the registration
statement on Form F-1, as amended, and our annual report on Form 20-F, together
with such other documents and we may submit to or file with the SEC from time to
time, including on Form 6-K. The forward-looking statements reflect new,
changing or unanticipated events or circumstances.
Earnings Report (Fair
Disclosure)
|
※ The
information contained in this report is estimated, it is subject to change
according to actual settlement.
|
|
1. Business
Results
|
|
Period
|
Current
Period : 01/01/2009 ~03/31/2009
Accumulated
Period: 01/01/2009 ~03/31/2009
Preceding
Period: 10/01/2008 ~12/31/2008
Corresponding
Period of The Previous Year:
01/01/2008 ~03/31/2008
Accumulated
corresponding
period :
01/01/2008
~03/31/2008
|
|
(Unit : mil.
KRW)
|
Current
Period
|
Preceding
Period
|
Amount
Increased/Decreased Compared to the Preceding Period(Increase/Decrease
Rate)
|
Corresponding
Period of The Previous Year
|
Amount
Increased/Decreased Compared to the Corresponding Period of The Previous
Year (Increase/Decrease Rate)
|
|
Sales
|
Amount
|
7,422
|
7,211
|
211
(2.93%)
|
7,146
|
276
(3.86%)
|
|
Accumulated
Amount
|
7,422
|
-
|
-
|
7,146
|
276
|
|
Operating
Income
|
Amount
|
1,905
|
1,349
|
556
(41.25%)
|
-3,768
|
5,673
(Turn
Over)
|
|
Accumulated
Amount
|
1,905
|
-
|
-
|
-3,768
|
5,673
|
|
Profit from
continuing operation before corporate income tax
|
Amount
|
4,672
|
-1,763
|
6,434
(Turn Over)
|
-1,894
|
6,566
(Turn
Over)
|
|
Accumulated
Amount
|
4,672
|
-
|
-
|
-1,894
|
6,566
|
|
Net
Income
|
Amount
|
4,356
|
-2,019
|
6,375
(Turn Over)
|
-2,108
|
6,464
(
Turn
Over)
|
|
Accumulated
Amount
|
4,356
|
-
|
-
|
-2,108
|
6,464
|
|
|
|
|
|
|
|
|
2. Selective
Release
|
Information
Providers
|
Webzen
Inc.
|
|
Intended
Audience
|
Institutional
and retail investors, analysts, media etc.
|
|
Date and Time
of Information Release
|
05/14/2009
|
|
(Scheduled)
Time and Place for Release of Information
|
-
|
|
3. Contact
Information
|
Person
Responsible for Disclosure(Contact Information)
|
Hyung Chul
Kim, CFO
|
|
Person in
Charge of Disclosure(Contact Information)
|
Donghoon Lee,
Manager of IR team
|
|
Office in
Charge(Contact Information)
|
Investor
Relations (+82-2-3498-1600)
|
|
4.
Other
|
|
|
※ Relevant
Disclosure
|
|
Cancellation
of Stock Options Granted
|
Number of
Grantees
Cancelled
|
Concerned
Company's
employee and
director
|
1
|
|
Affiliated
Companies'
employee and
director
|
0
|
|
2. Number of
Shares
Cancelled
|
Common
Shares
|
3
,000
|
|
Preferred
Shares
|
-
|
|
3. Stock Option
Granted
after this
Cancellation
|
Common
Shares
|
568,200
|
|
Preferred
Shares
|
|
|
4. Reasons for
Cancellation
|
Retirement from
the
company
|
|
5. Date of Board of
Directors
’
Resolution (Decision
Date)
|
05/14/2009
|
|
- Outside
Directors
in
Attendance
|
Number
Present
|
3
|
|
Number
Absent
|
-
|
|
- Auditors
(members of audit
committee) in
Attendance
|
Attend
|
6. Others
|
[ Details of Cancellation by
Grantees ]
|
|
|
Grantees
|
Relationship
|
Number of Shares
Cancelled
|
Remarks
|
|
Common
Shares
|
Preferred
Shares
|
|
Cho, SunMi
|
Employee
|
3,000
|
-
|
|
Grant
of Stock Option
|
1. Number of
Grantees
|
Officers and employee of
Company
|
1
|
|
Officers and employee of
Affiliated Company
|
0
|
|
2. Number of Shares to be
Granted
|
Common
Shares
|
12,000
|
|
Preferred
Shares
|
0
|
|
3. Terms of
Exercise
|
Exercise
Period
|
From
|
05-14-2011
|
|
To
|
05-13-2013
|
|
Exercise
Price
|
Common
Shares
|
13,600
|
|
Preferred
Shares
|
-
|
|
4. Granting
Method
|
Grant of new
shares, grant of treasury stocks
|
|
5. A Decision-making
body
|
Board of
Directors
|
|
6. Grant
Date
|
05-14-2009
|
|
7. Total Stock Option Granted
after concerned Grant
|
Common
Shares
|
580,200
|
|
Preferred
Shares
|
0
|
|
8. Date Of Board Of Directors
Resolution
|
05-14-2009
|
|
-Attendance of Outside
Directors
|
Present(No.)
|
3
|
|
Absent(No.)
|
-
|
|
-Attendance of Auditors(members
of Audit Committee)
|
Present
|
|
9. Other references concerning
investment decisions
|
1. The
Exercise price calculated based on the related regulation
2. The Stock
option granted from the resolution of Board of Directors
Meeting
3. Other
matter will be followed by stock option contract and related
regulation.
|
Details of Grant by
Grantees
|
Grantees
|
Relationship
|
Number of Shares
Granted
|
Fair value
|
Remarks
|
|
Common
Shares
|
Preferred
Shares
|
|
HwiJun
Shin
|
Employee
|
12,000
|
0
|
6,858
|
-
|
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