Amid widening probe into founder, Nexon affiliate sees 31% plunge in stock price
Jul 20, 2016
[THE INVESTOR] Nexon GT, an affiliate of game developer Nexon, saw its stock price plunge to a record low in 16 weeks amid the snow-balling investigation into founder Kim Jung-ju’s alleged involvement in insider trading.The company’s stock price dropped 31.3 percent from 13,200 won (US$11.60) on April 7 to 10,050 won on July 20 -- the lowest since Feb. 15 when the share price plummeted to 9,920 won.Kim Jung-ju, Nexon founder and the chairman of the game firm’s holding firm NXC. The Investor Kim,