NHN will absorb and merge its 100% subsidiary, NHN Investment, as part of efforts to streamline its group structure. NHN announced on the 8th that it held a board meeting and decided on a short-form merger.

As a merger of a wholly-owned subsidiary, the process will proceed without issuing new shares. The merger ratio of NHN to NHN Investment is 1:0.0000000, and no new merger shares will be issued. In accordance with relevant laws, no external valuation was conducted. Following the merger, NHN will remain as the surviving company and NHN Investment will be dissolved.

The key schedule is as follows: the merger agreement will be signed on July 10, the merger date is set for September 30, and the merger registration is scheduled for October 1.

Regarding the purpose of the merger, the company stated, "As part of the group's structural efficiency efforts, the aim is to concentrate business capabilities around the parent company," adding, "We plan to enhance management efficiency through cost reduction and efficient resource management." The company expects that the impact on management, finance, and operations will be limited, while anticipating the effects of focusing business capabilities around the parent company. Even after the merger, there will be no changes to NHN's number of issued shares, capital, largest shareholder, or governance structure.

The company being absorbed, NHN Investment, is an unlisted subsidiary engaged in managing investments in investment funds and collective investment vehicles. As of the end of the most recent fiscal year (end of 2025), its financial status showed total assets of 60,654,756,640 won, total liabilities of 8,805,011,415 won, and total capital of 51,849,745,225 won. Its revenue was recorded at 6,370,663,510 won, with net income of 2,877,026,133 won.

This merger is proceeding as a short-form merger under the Commercial Act, so appraisal rights for shares will not be granted. However, if the number of shares for which opposition is notified within two weeks from the date of the merger announcement equals or exceeds 20% of NHN's total issued shares, the short-form merger process cannot proceed.