Webzen Adjusts Stock Option Exercise Price and Total Outstanding (Reflecting Share Cancellation)

Stock option exercise price adjusted upward from 17,400 won to 19,442 won due to treasury share cancellation (capital reduction).
Total outstanding stock options decreased from 890,000 to 669,000 shares (decrease of 221,000 shares, reflecting cancellations and adjustments).
This correction is a routine adjustment following a share cancellation aimed at capital efficiency and shareholder value enhancement.
Details of new grant (pre-correction): 162,000 shares (2-year vesting: 53,000 shares, 3-year vesting: 109,000 shares), exercise price 17,400 won, fair value 5,079/5,460 won per share. (Post-correction exercise price expected to be 19,442 won.)
Other details delegated to CEO; subject to shareholder approval.