Webtoon amends filing to disclose president Yongsoo Kim’s pay package

Reuters
Mar 31
Webtoon amends filing to disclose president Yongsoo Kim’s pay package
  • Webtoon filed an amended Form 8-K to correct its earlier report on Yongsoo Kim’s appointment as president by adding compensation terms that were not determinable at initial filing.
  • Annual base salary set at KRW 711,110,000, disclosed as approximately USD 500,000.
  • Short-term incentive opportunity set at USD 500,000.
  • Long-term equity incentive opportunity set at USD 1.5 million, split between restricted stock units and performance stock units.


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