Earlier, South Korea's financial news reported on May 6 that after the death of Nexon founder Kim Jong woo, his widow took over as CEO. But today, Nexon confirmed to the media GamesIndustry that the leadership of the company has not changed. Owen Mahoney is still the CEO and President of Nexon, and the CEO of its parent company nxc is still jaekyo Lee.
Nxc issued a statement on March 1 this year, confirming the news of Kim Jong Woo's death, but did not explain the specific cause of Kim Jong Woo's death. Nxc said that Jin Zhengzhou has received regular treatment for depression since a long time ago, but his condition has deteriorated recently, which the company regrets very much.
Jin Zhengzhou founded Nexon in 1994. Through many mergers and acquisitions, Nexon, which has grown rapidly, has gradually become the largest game enterprise in South Korea. It has well-known games such as dungeons and warriors, bubble hall, running kart and so on. Jin Zhengzhou's wife is nxc's auditor and investor and the company's largest individual investor.
According to the Forbes 2021 South Korean rich list, Kim Jong Woo is the third richest man in South Korea, with a total wealth of US $10.9 billion. In Nexon holding company nxc, Kim Jong woo holds 67.49% of the shares, his wife holds 29.43% and his daughter holds 0.68%.