NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: BNB Reaches New All-Time High Of $956 As Binance Nears Deal With US DOJ
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: BNB Reaches New All-Time High Of $956 As Binance Nears Deal With US DOJ

Henry Chang: The Most Dedicated CEO in South Korea, Leads Wemade to New Heights

NewsBTC
NewsBTC
3 years ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Wemade (a pioneer South Korean game developer and publisher) announced on July 12th that its CEO Henry Chang exercised his stock options and bought 223,504 shares for an astonishing USD 2.67 million (KRW 3,5 billion) and did not sell a single share. As a result, Mr. Chang’s stake in Wemade reached 1.5%.

Wemade shifted its focus towards metaverse and blockchain technology with an emphasis on developing and servicing well-made games with economically meaningful experiences. As a result, Wemade developed “Wemix”, a game-centric blockchain platform (with 14 Play & Earn titles), that provides services including cryptocurrency wallet, NFT auction & marketplace, staking, and more, based on its utility coin WEMIX.

 

This is not the first time Mr. Chang has shown his dedication to the firm. In fact, he announced earlier this year his pledge to invest all his present salary and dividends in WEMIX coin. Wemade announced on June 24th that Mr. Chang’s purchase of 13,424.6 WEMIX coins (worth USD 38,125.86) with the salary he received from the same month. This brings his total investment to 51,258.354 WEMIX coins (worth USD 145,573.7). This is also the fourth time he invested his salary in WEMIX Coin, in addition to his dividends from last year.

Mr. Chang has constantly fulfilled his promise to contribute his compensation to the sustainable development of Wemix ecosystem. He also stressed that he does not plan to sell a single share nor a single WEMIX coin.

CEO compensation packages are part of corporate governance mechanisms. Companies often offer their CEOs stock options that tie CEO’s compensation to the company’s stock performance which creates incentives for CEOs to manage the firm and work hard in ways that maximize firm market value.

Often misunderstood, stock options are criticized for inducing top management to pursue strategies that only push the stock price up in the short term. This would benefit opportunist CEOs who time the exercise of their stock options to when the stock price is high and sell their newly acquired shares at a premium.

Mr. Chang is one of the very few CEOs in South Korea to invest in his company’s stock despite very high volatility in the capital markets.

Mr. Chang’s move is highly contrary to a few CEOs who exercised their stock options to sell the shares last year, only six to twelve months after the companies were listed.

In contrast, there are often publicized cases where executives conducted massive selloffs of shares received from their stock options which enraged minority shareholders. The shareholder sentiment is especially strong when it takes place soon after the company goes public and draws a misconnection between the shareholders and the leaders. However, Mr. Chang’s move is exactly the opposite.

Mr. Chang reiterated his engagement in the firm’s long-term success and shareholder value. His dedication and hard work led Wemade to new heights. Recently the company announced USD 131 million in sales revenue for the first quarter of 2022 alone. This represents an astonishing 72% increase compared to last year. MIR4, Wemade’s flagship P&E MMORPG (from the Legend of Mir series) gathered 6.5 million active users within a few months of its global launch in 12 languages and 170 countries. Its successor MIR M topped Google Play’s popularity chart after its release in South Korea in June 2022. The highly anticipated global P&E version will be launched within the year.

Since Mr. Chang’s commitment has no limit, Wemade is expected to continue its winning strike with more achievements in both its video game development and publishing services and its blockchain ecosystem.

 

Tweet123Share196ShareSend
NewsBTC
NewsBTC

NewsBTC

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Lava Network’s RPC engine sets the infrastructure stablecoins need to scale

Stabelcoins and tokenized assets are quickly becoming the next frontier for payments and financial innovation, promising near-instant settlements, lower fees,...

NewsBTC 1 week ago
Mastercard

Mastercard Stresses Crypto Is An Enhancement, Not A Substitute

Mastercard is moving to bring crypto into its payments network while keeping control tight, company officials said. Related Reading: Scam...

Christian Encila 1 week ago

CSOP Mùa Thu 2025 – Chuỗi Sự Kiện Lớn Nhất Của CoinPoker

Diễn ra từ ngày 7 đến 29 tháng 9 năm 2025, CSOP Mùa Thu sẽ mang đến 23 ngày thi...

hhduy 2 weeks ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Crypto

Can Europe’s Crypto Apps Win Over Binance Users? A Growing Comparison

PR Desk 6 days ago

How to Compete When Finance Never Sleeps

NewsBTC 5 days ago

MEXC Blocks $4.97M in Fraud and Recovers $902K in User Funds, New Report Reveals

Mark Hampton 1 week ago

Premium Sponsors

Press Releases

  • Trh s kryptoměnami se zahřívá: Bitcoin Hyper (HYPER), Wall Street Pepe (WEPE), Maxi Doge (MAXI) a PepeNode ve hře

    Trh s kryptoměnami se zahřívá: Bitcoin Hyper (HYPER)...

    2 hours ago
  • 3 nízko-kapitálové altcoiny, které zažívají masivní akumulaci během altcoin sezóny

    3 nízko-kapitálové altcoiny, které zažívají masivní...

    2 hours ago
  • A legjobb altcoinok, amiket érdemes megvenni, ahogy a Solana ára megközelíti történelmi csúcsát

    A legjobb altcoinok, amiket érdemes megvenni, ahogy a...

    2 hours ago
  • Masivní spalování tokenů pokračuje u Wall Street Pepe...

    2 hours ago
  • Najlepsze altcoiny do kupienia, gdy cena Solany zbliża się do historycznego szczytu

    Najlepsze altcoiny do kupienia, gdy cena Solany zbliża...

    3 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.