South Korean-based developer Netmarble has appointed Park Sean as its new CEO.
Sean joins from South Korean-based mobile messaging service KakaoTalk where he held the role of chief strategy officer.
Yohap News Agency reports that Park will co-head Netmarble operations with incumbent chief Kwon Young-sig. The former will handle the company’s strategy and investment while the latter will spearhead the mobile giant’s games business.
Kakao and Netmarble already have close ties after the former’s games subsidiary raised $131.6 million recently. The Investor reports the funding round was led by Netmarble and Tencent who contributed $46.9 million each.
The rest of the investment was provided by developers Actozsoft and Bluepoint, along with Premier Growth-M&A PEF.
Netmarble recently revealed that its sales for 2017 reached a record high of $2.2 billion spurred on by the huge success of games like Lineage 2 Revolution.
It’s good news for one of South Korea’s biggest games companies, particularly following the launch of its initial public offering just under a year ago which valued the company at $12 billion at the time.