Changhan Kim
Reporting and statements that mention Changhan Kim.
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Krafton have big plans for Subnautica, after the second game's once-divisive co-op "confirmed the potential to expand beyond the existing fan base"
Krafton sees significant potential for the Subnautica franchise, aiming for it to become their second major IP after PUBG. The company noted that over five million units of Subnautica 2 have been sold since its early access launch, with a substantial portion of new players not having experienced previous titles, a success attributed partly to the inclusion of a co-op mode. Krafton plans to expand the Subnautica IP long-term, exploring possibilities beyond just sequels.
Krafton agrees to pay bonuses to Subnautica 2 devs following a year-long legal battle
Krafton Inc. has settled a year-long legal dispute with its subsidiary Unknown Worlds, agreeing to pay bonuses to all staff following the success of Subnautica 2. The settlement resolves accusations that Krafton attempted to avoid a $250 million payout triggered by sales targets. As part of the agreement, co-founder Ted Gill will depart the company, while Unknown Worlds will appoint new leadership from outside the existing companies.
Subnautica 2 devs win: Krafton will pay the whole team "significantly more" bonuses than previously planned, but the CEO is still leaving after a settlement
Publisher Krafton has reached a settlement with Unknown Worlds, the developers of Subnautica 2, agreeing to pay the entire team significantly larger bonuses than initially planned. This resolution follows a legal dispute where ousted executives accused Krafton of attempting to avoid bonus payments, while Krafton cited neglect of duties. Although the settlement is reached, CEO Ted Gill will be leaving Unknown Worlds.
Subnautica 2's botched bonus deal is about to wipe out more than one-third of Krafton's $736 million annual…
Krafton is facing a significant bonus payout to Unknown Worlds principals Ted Gill, Max McGuire, and Charlie Cleveland due to the unexpectedly strong launch of Subnautica 2. The game's rapid sales have triggered a lucrative revenue-sharing deal that could cost Krafton over a third of its annual profits. This situation is linked to Krafton's previous attempts to terminate the principals, which were deemed legally questionable.
Subnautica 2 pulls over 370,000 concurrent players in its first 30 minutes on Steam as it cannonballs into early access
Subnautica 2 achieved a strong launch in early access on Steam, attracting over 370,000 concurrent players within its first 30 minutes. The game's success comes amidst ongoing legal disputes between publisher Krafton and developer Unknown Worlds regarding executive bonuses tied to sales performance.
Steam's most-wishlisted game is out this week following a year of corporate drama that involved one of the most…
Subnautica 2, the most-wishlisted game on Steam, is launching in early access this week despite ongoing corporate disputes between publisher Krafton and developer Unknown Worlds Entertainment. Krafton CEO Changhan Kim's attempt to avoid a $250 million bonus payout to studio heads, even consulting ChatGPT for advice, led to legal battles and the eventual reinstatement of a studio founder. The survival adventure game is expected to remain in early access for two to three years.
Reinstated Subnautica 2 Dev Says Krafton's Release Date Announcement Was Potentially "Damaging"
The legal battle between Subnautica 2 developer Unknown Worlds and its parent company Krafton continues, with Unknown Worlds' reinstated CEO Ted Gill alleging Krafton's premature release announcement for the game's early access was damaging. Krafton's lawyers dispute this, stating the announcement was merely conveying milestone review results. The dispute also involves a significant financial bonus tied to the game's release dates.
Subnautica 2 Will Finally Enter Early Access in May Following Year of Delays and Legal Drama - IGN
Subnautica 2 is set to enter Early Access in May on Xbox and PC, as confirmed by developer Unknown Worlds and publisher Krafton. This announcement follows a period of legal drama between the two companies regarding alleged contract breaches and bonus payouts, which has now seen a judge order Krafton to pay a significant bonus and reinstate a key executive. The game's development has progressed with new story chapters, creatures, and biomes, and the team is preparing for an open development journey with the community.
Subnautica 2 Will Get Early-Access Release In May Following The Latest Court Ruling
Subnautica 2 is set for an early access release in May, with Unknown Worlds studio head Steve Papoutsis confirming Krafton's approval. This comes after a court ruling favored former CEO Ted Gill, ordering his reinstatement and extending performance bonus benchmarks. The game will be available on PC and Xbox Series X|S.
Subnautica 2 lawsuit chancellor orders Krafton to reinstate OG Unknown Worlds boss Ted Gill
A Delaware judge has ordered Krafton to reinstate Ted Gill, former CEO of Unknown Worlds, as part of ongoing litigation concerning the development of Subnautica 2. The court found that Krafton's termination of Gill and other executives was a pretext to avoid paying a bonus for the game's timely delivery, despite Krafton's claims of incompetence and trade secret theft.
Krafton to invest $1 billion in a defence company that works with the US Navy
Krafton, publisher of PUBG and The Callisto Protocol, is investing $1 billion in Hanwha Aerospace to focus on "Physical AI" and its applications in the defense sector. This partnership combines Krafton's AI research with Hanwha's industrial infrastructure. The news comes as Krafton recently lost a lawsuit against former executives of Unknown Worlds, the creators of Subnautica.
Krafton loses lawsuit, is ordered to reinstate ousted Unknown Worlds CEO
Delaware Vice Chancellor Lori Will ruled in favor of ousted Unknown Worlds executives Charlie Cleveland, Max McGuire, and Ted Gill, ordering Krafton to reinstate Ted Gill as CEO. The court found that Krafton deliberately schemed to oust the trio to avoid a $250 million payout related to Subnautica 2's release. Krafton stated it respectfully disagrees with the ruling and is evaluating its options.
Judge Slams Subnautica 2 Publisher Krafton in Victory for Fired Workers, Orders Company Reinstate Boss and Extend $250 Million Bonus - IGN
A judge has ordered Krafton to reinstate former Unknown Worlds CEO Ted Gill and extend a $250 million bonus to employees of the Subnautica 2 studio, ruling in favor of the fired workers. The legal battle stemmed from allegations that Krafton fired key personnel to avoid paying the bonus, with claims that Krafton CEO Changhan Kim explored ways to circumvent the payout. The article also notes recent development updates for Subnautica 2, showcasing Unreal Engine 5's AI capabilities.
Subnautica 2 Publisher Forced To Reinstate Fired CEO, Judge Blames Krafton's ChatGPT Legal Advice
A judge has ordered Krafton to reinstate Ted Gill as CEO of Unknown Worlds and return control of Subnautica 2's release plans following a wrongful termination lawsuit. The ruling criticizes Krafton's use of ChatGPT-inspired legal advice to avoid paying a multi-million dollar bonus to Unknown Worlds' co-founders and CEO.
Subnautica 2 Studio CEO Reinstated by Judge, Who Says Krafton Fired “Without Valid Cause”
A Delaware court has ordered the reinstatement of Unknown Worlds CEO Ted Gill, who was fired by Krafton, ruling that the termination was without valid cause. The judge also declared Krafton's seizure of operational control ineffective and reinstated Gill's authority over the early access launch of Subnautica 2. The co-founders are also eligible to collect bonuses from the acquisition payout, with further litigation pending regarding damages and earnout claims.
