Former WeMade CEO Buys, Takes Over Nowcom

Four months after resigning as co-CEO from WeMade Entertainment, Kevin 'Sookiel' Seo and his new firm Saint International has purchased a majority stake in South Korean IT company and game publisher Nowcom. Founded in South Korea's Gyeonggi-do province in 1994, Nowcom has published several online titles (TalesRunner, O2Jam), and also operates popular TV/user-uploaded video streaming service Afreeca, among other web services. Saint International purchased 21.8 percent of Nowcom's shares and has become the major stakeholder in the company, according to a report from Korean industry news site This Is Game. Seo will also now serve as the Nowcom's CEO. Seo stepped down from his co-CEO position at MMO developer and operator WeMade Entertainment (The Legend of Mir series) in July, citing personal reasons, leaving the company's founder Kwan-Ho Park to serve as the sole chief executive. His departure came five months after WeMade merged with another MMO developer and publisher, JoyMax, and three months after Seo sold all of his stock in the company, reportedly raking in $21.8 million from the transaction. He said Nowcom has grown various business platforms over the years, and intends to expand Afreeca globally as a social media platform, eventually making it available to mobile devices. "Nowcom will have more broad types of games and expand the company internationally," Seo added. Presumably Nowcom's previous CEO Yun Yeong Kim, who is also a director and CFO at the firm, will continue to fulfill those roles.