WEBTOON CEO's Severance Doubles To 12 Months, 24 After A Takeover, As He Moves To U.S.
CEO and Chairman Junkoo Kim keeps both roles while the board pays $567,009 to cover his move and rewrites his exit terms.
WEBTOON's board approved a $567,009 relocation payment for CEO and Chairman Junkoo Kim and rewrote his employment contract to double his severance, an 8-K shows. The filing became public Monday after the market close; the stock was $10.46, down 0.38%, in market data as of Monday at 4:31 p.m. ET.
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