High school dropout becomes billionaire after gaming firm goes public

Bang Jun-hyuk, High school dropout, Billionaire, Netmarble Gaming Corp, IPO, South Korea

Bang Jun-hyuk (48), a high school dropout who was born in a textile factory slum, is a man behind one of the biggest IPO’s (Initial Public Offering) In South Korea. His attitude and hard work towards his company Netmarble Games Corp is inspirational. His company became a global gaming giant by smartphone-oriented games. The shares after IPO raised $2.3 Billion and the company was valued around 13 billion which is even more than LG Electronics Inc.

ALSO READ: Recycled India Hyderabad couple promotes bamboo usage sustainable livelihood

While big South Korean companies like Samsung and Hyundai focuses on manufacturing, Bang realized the potential of smartphones early in his career. H e started the company with just 8 employees in the year 2000.

The Netmarble Corp also sealed a deal with a Chinese tech giant Tencent Holding which invested around $500 million back in 2014 to give capital appreciation to the company.

ALSO READ: Okwu launches smartphone in India

Bang owns 24.5 percent of Netmarble Games Corp and after his company went public he is valued at $2.9 billion according to a report. Around 3000 employees work in Netmarble Games Corp.




Please enter your comment!
Please enter your name here