Krafton
Krafton business and news from across the web.
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Krafton to invest $1 billion into South Korea defense company partnered with the U.S. navy
Krafton has announced a strategic alliance and investment of approximately $1 billion into Hanwha Aerospace's global AI, robotics, and defense initiatives. The partnership aims to develop and commercialize technology across various sectors, including defense, and will involve Krafton investing in a fund managed by Hanwha Asset Management. The companies plan to leverage Krafton's experience with large-scale game data and virtual worlds for physical AI training and verification, and will establish a joint venture for seamless development and commercialization.
Subnautica 2 – Delaware court orders Krafton to reinstate ousted CEO Ted Gill in drama
A Delaware court has ordered Krafton to reinstate Ted Gill as CEO of Unknown Worlds, ruling that the company breached its contract by terminating key employees without valid cause. The decision comes amid a legal battle over alleged mismanagement and bonus payouts related to the development of Subnautica 2. The court also noted Krafton's use of ChatGPT to formulate a strategy for handling the dispute.
Krafton responds to Subnautica 2 legal ruling: "we are evaluating our options as we determine our path forward"
Krafton has responded to a court ruling regarding Subnautica 2, which ordered the reinstatement of the CEO and control over the game's Steam page and Early Access launch. While Krafton respectfully disagrees with the ruling and is evaluating its options, their immediate focus remains on delivering the best possible game to fans. The legal dispute stems from former executives claiming they were pushed out and the game delayed to avoid a performance-based bonus package.
Krafton ordered to reinstate fired Unknown Worlds CEO Ted Gill in Subnautica 2 lawsuit
Krafton has been ordered to reinstate Ted Gill, the former CEO of Unknown Worlds, amidst a lawsuit. The legal dispute involves allegations that Krafton leadership used ChatGPT to devise a plan to avoid paying Unknown Worlds a $250 million bonus related to Subnautica 2.
Court Reinstates Unknown Worlds CEO
A court has ruled that Krafton must reinstate Edward Gill as the CEO of Unknown Worlds. This decision is the latest development in the corporate intrigue surrounding the development of Subnautica 2.
Judge Orders Ted Gill Must Be Reinstated As CEO At Subnautica 2 Developer Unknown Worlds | Console Creatures
A Delaware judge has ordered Krafton to reinstate Ted Gill as CEO of Unknown Worlds, the developer of Subnautica 2. The ruling stems from a legal battle where Krafton allegedly fired executives to avoid paying a $250 million bonus. The judge accused Krafton's CEO of using ChatGPT to find a way out of the payment.
Subnautica 2 owner constantly relied on ChatGPT for legal strategy, judge says in scathing order: "Krafton followed…
Krafton, the parent company of Subnautica 2 developer Unknown Worlds, allegedly used ChatGPT for legal advice in a dispute that led to the ousting of the studio's founders and CEO. A judge's ruling indicates that Krafton CEO Kim Chang-han followed the AI's recommendations for a corporate takeover strategy, including preemptive framing of the situation and securing control points like Steam publishing rights. This legal battle arose from allegations that the founders were removed to prevent them from claiming $250 million in bonuses tied to the game's success.
Google Play launches "buy once, play anywhere" on select paid games
A court has ordered Krafton to reinstate former Unknown Worlds CEO Ted Gill and return his control over the early access release of Subnautica 2, following a legal dispute over a $250 million bonus payout. The judge ruled that Krafton breached its agreement by terminating key employees without valid cause and improperly seizing operational control, extending the period for the team to secure the bonus payment.
Bombshell judgment demands Krafton immediately reinstate ousted CEO and return his authority over Subnautica 2
A court has ordered Krafton to reinstate Ted Gill as CEO of Unknown Worlds and return his operational control over the early access release of Subnautica 2. The ruling stems from a legal dispute over a $250 million bonus tied to revenue targets, with the court finding Krafton breached its agreement by terminating key employees without valid cause. Krafton stated it is evaluating its options while continuing to focus on delivering the best game experience.
Judge rules that Krafton must rehire fired Subnautica director
A judge has ruled that Krafton must reinstate Ted Gill as CEO of Unknown Worlds Entertainment, finding the publisher violated contract terms by firing him and other co-founders. The legal battle stems from a delayed payout related to the sequel Subnautica 2, with the judge also noting Krafton's CEO consulted ChatGPT on how to avoid the bonus. Krafton stated they respectfully disagree with the ruling and are evaluating their options.
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.
Krafton ordered to reinstate fired Subnautica 2 CEO after judge accuses publisher of using ChatGPT to help abandon bonus payments
A Delaware judge has ordered Krafton to reinstate former Unknown Worlds CEO Ted Gill, who was fired last year. The ruling comes amid accusations that Krafton used artificial intelligence, specifically ChatGPT, to brainstorm ways to avoid paying $250 million in bonuses to former executives, which was reportedly a factor in Subnautica 2's delay.
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.
Krafton loses Subnautica 2 lawsuit, must reinstate Ted Gill as CEO
A Delaware court has ruled in favor of ex-Unknown Worlds management, reinstating Ted Gill as CEO of the company and granting him control of Subnautica 2. The court found that Krafton breached its contract by acquiring the developer and improperly dismissing Gill. The ruling also addresses earn-out payments and extends their calculation period.
Subnautica 2 bosses handed back control of company after judge finds Krafton guily of "wrongfully usurping control"
A Delaware court has ordered Krafton to reinstate the co-founders of Unknown Worlds Entertainment, the developer of Subnautica 2, after ruling that Krafton "wrongfully usurped control" of the company. The judge found Krafton breached an employment agreement by firing CEO Ted Gill, co-founder Charlie Cleveland, and technical director Max McGuire without valid cause. The ruling also restores the ousted executives' authority over Subnautica 2's early access launch and Steam access.
In a wild turn for the Subnautica 2 lawsuit, a judge orders Krafton to restore fired Unknown Worlds CEO and gives them 9…
A judge has ordered Krafton to reinstate former Unknown Worlds CEO Ted Gill and return control of Subnautica 2's early access release schedule to him, nine months after his termination. The court found Krafton breached their agreement by firing key employees without cause to avoid a $250 million payout tied to sales targets. Krafton stated they are evaluating their options while focusing on delivering the game to fans.
Fired Subnautica 2 CEO must be reinstated, judge rules, and "may proceed with the early access release of…
A Delaware court has ordered the reinstatement of Ted Gill as CEO of Unknown Worlds, granting him operational authority over the studio and the early access release of Subnautica 2. This ruling follows a legal battle initiated by Gill and other executives against new owner Krafton, who had replaced them in a dispute over a promised earnout bonus.
Judge delivers bombshell order for Krafton to reinstate fired Subnautica 2 devs and CEO, putting $250m bonus package back on the table
A judge has ordered Krafton to reinstate Ted Gill as CEO of Unknown Worlds and restore his full operational authority, including control over Subnautica 2's Early Access release. The ruling found Krafton breached the EPA by terminating key employees without valid cause and improperly seizing control, declaring the board resolution ineffective. Gill will regain control of Steam for Subnautica 2, and the $250 million bonus payout period for co-founders has been extended.
Subnautica 2 CEO Ted Gill Must Be Reinstated, Judge Rules
A judge has ruled that former Unknown Worlds CEO Ted Gill must be reinstated after being fired by publisher Krafton without valid cause, finding that Krafton breached their agreement. The ruling invalidates Gill's dismissal and orders Krafton not to interfere with his operational control of Subnautica 2's Early Access launch. The bonus payout period for employees has also been extended.
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.
