PUBG Developer Appoints Sean Hyunil Sohn as CEO of Krafton India
Sean Hyunil Sohn, the previous Chief Monetary Officer (CFO) of PUBG Company, has been appointed because the Chief Govt Officer (CEO) of Krafton India. Sohn shall be becoming a member of the India division in Bangalore to supervise operations for Krafton Inc. and he shall be representing Krafton’s India subsidiary ‘PUBG India’. Krafton Inc. is behind profitable cell esports title, Battlegrounds Cell India (BGMI), which has crossed 50 million downloads regardless of being an India-exclusive title.
What Sohn’s arrival in India means for BGMI and Krafton India
Sohn joined PUBG Company as CFO in 2017 and following the merger of PUBG Company and Krafton in 2020, he served as the pinnacle of the funding division. Upon being appointed because the CEO of Krafton India and the pinnacle of India Division at Krafton, Based on South Korean media portal Naver, he mentioned that the Indian gaming market is “initially of its improvement phases” and it has the potential to broaden and develop as a result of person curiosity right here. He sees India as a “market of alternative” and needs to broaden Krafton’s IP and gaming experiences to different nations.
After establishing its Indian subsidiary, Krafton has been concentrating on the Indian market by launching Battlegrounds Cell India and creating an esports ecosystem within the area. Sohn revealed that Krafton has invested $70 million USD out there this 12 months alone.
Krafton’s current IPO itemizing was anticipated to boost as much as $3.8 billion USD. At present, the corporate’s founder, Chang Byung-gyu is the biggest shareholder of the corporate with a 16.4% stake as of end-2020, adopted by China’s Tencent, holding a 15.5% stake by means of an funding firm. Small shareholders with lower than 1% stake individually held a mixed 23.2% of Krafton.
Battlegrounds Cell India has simply launched on iOS and Krafton Inc. is gearing as much as bolster the sport’s esports group with region-exclusive occasions and by partnering with stakeholders within the Indian esports business. Sohn shall be seeking to replicate the success of PUBG and PUBG Cell, that are among the many highest grossing video games of all time.