SooKil Seo(right picture), the CEO of WeMade Entertainment, resigned from his position for personal reasons.
WeMade announced it on June 30.
There has actually been a rumor that Mr. Seo would sell all his stocks including ordinary shares and stock options which worth 6% of entire WeMade stocks since last April.
Therefore WeMade will be led by KwanHo Park, the co-CEO of WeMade and owns 54.26% of WeMade stocks, alone ever since he resigned.
In addition to his resignation, his e-sports team, WeMade Fox, would likely be dismissed as well. The team is currently taken to KeSPA’s arbitration for either sales or management in trust after the Shinhan bank pro league 10-11 season. Its <Warcraft 3> players are already leaving to <Starcraft 2> league.
WeMade said many things could be done with the e-sports team but nothing has not been done yet.