Research Reports

Key takeaways

Yongsoo Kim's appointment as President was formalized with an amended long-term assignment letter effective March 2, 2026.

His compensation includes an annual base salary of KRW 711,110,000 (approximately $500,000), a $500,000 short-term incentive, and $1.5 million in long-term equity incentives.

The assignment is anticipated to last about three years from April 1, 2025, subject to renewal of the underlying Business Delegation Agreement.

Compensation involves a split payroll between US and South Korean systems, with tax equalization and expatriate benefits including relocation and home travel support.

Termination for cause or voluntary resignation results in cessation of assignment benefits and potential liability for relocation expenses.

Full analysis

This amendment provides the previously undisclosed compensation details for Yongsoo Kim's appointment as President, which was initially reported on March 5, 2026. The compensation structure is comprehensive, combining fixed salary, performance-based incentives, and equity components, aligning executive pay with both short-term and long-term company performance. The assignment arrangement reflects the international nature of the role, with split payroll between US and Korean systems and extensive expatriate benefits designed to support the executive's relocation. The three-year anticipated assignment duration provides stability in leadership, while the termination provisions protect company interests in case of voluntary departure or cause-based dismissal.

WBTN · WEBTOON Entertainment Inc. Common stock

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Key takeaways

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