Nexon Korea, a leading South Korean gaming company, has confirmed plans to acquire a 15.7% stake in Krafton, the game developer best known for PUBG. The acquisition will make Nexon the second-largest shareholder of Krafton. Krafton's board approved the transaction on June 6, 2023, with the share purchase agreed at 260,000 won per share, amounting to around one trillion won. This strategic investment reinforces Nexon's growing presence in the competitive South Korean gaming industry. Krafton is expected to hold a shareholder meeting later in June to approve the stake acquisition formally. The move signifies potential collaboration and synergy between two major players in the gaming market, possibly influencing future developments in game production and market positioning in the region.