Korean online game developer and operator WeMade Entertainment announced that Kevin 'Sookiel' Seo, co-CEO of the firm alongside founder Kwan-Ho Park, has stepped down from his position for personal reasons. Park will serve as the sole CEO henceforth.
WeMade was established in February 2000 in Seoul, and is best known for creating and hosting popular Eastern free-to-play MMORPG series The Legend of Mir
. It employs more than 500 workers, and set up a U.S. subsidiary in Seattle three years ago.
Seo joined WeMade in 2007 after serving as the chief executive for Actoz. His previous company was the original publisher for Legend of Mir
before a legal battle with Chinese operator Shanda, and a settlement that saw Actoz acquired and turned into Shanda Korea.
Rumors of Seo's departure from WeMade began emerging several months ago when it was revealed that he sold all of his stock in the company back in April -- a transaction that reportedly netted him $21.8 million.
The former co-CEO's resignation follows five months after WeMade merged
with another Seoul-headquartered developer and publisher, JoyMax, maker of free-to-play MMORPG Silkroad Online
, Final Odyssey
, Bumpy Crash
, and many other titles.
[This story was written with the permission of, and using material from ThisIsGame Global, the leading English-language site about the South Korean game industry.]