JLC Partners Boosts NHN Stake to 11.45% via Block Trade; NHN's Share Cancellations Enhance Shareholder Value

JLC Partners acquired 750,000 NHN common shares at 34,900 KRW per share through an off-market block trade on July 6, 2026, increasing its stake from 3,000,000 shares to 3,750,000 shares, raising ownership from 8.88% to 11.45%.
The reported ownership change also incorporates the effect of NHN's share cancellations since the last report, which reduced total outstanding shares and benefited existing shareholders by preventing dilution.
[AI Summary]NHN's share cancellations combined with a major shareholder's open-market purchase signal strong confidence and improved capital efficiency. The reduction in overhang and enhanced shareholder return policy expectations are likely to support the stock price outlook.