[Alpha Biz=(Chicago) Reporter Paul Lee] Saudi Arabia's Sovereign Wealth Fund (PIF) has secured up to a 10% stake in Nexon, a Korean game company listed on the Japanese stock market.

Nexon Japan announced on the 27th that PIF purchased an additional 6,322,500 shares, and its stake changed from 9.22% to 10.23%, up 1.01%p (point).

Meanwhile, PIF bought a stake in NCSoft in February last year and holds a 9.3% stake in the first and fourth quarters of this year, making it the second largest shareholder after Kim Taek-jin (11.9%), the largest shareholder.

PIF has secured a series of stakes in global famous game companies such as Nintendo, Activision Blizzard and Electronic Arts (EA) and has actively invested in the game industry.

 

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