# Krafton

Type: Company (259960)

Source: Legal & RegTech Intelligence Brief — https://getlegalbrief.com/entity/krafton
Canonical HTML page: https://getlegalbrief.com/entity/krafton

## Timeline

- **2026-05-01**: Early Access Target — Subnautica 2 is scheduled to enter early access on PC and Xbox platforms.
- **2026-03-17**: Court Ruling — Delaware Court of Chancery orders Krafton to reverse the removals and restore studio independence.
- **2026-03-16**: Court Ruling — A judge orders the reinstatement of Ted Gill as CEO of Unknown Worlds.
- **2025-07-15**: Leadership Purge — Krafton fires CEO Ted Gill and other leaders; Subnautica 2 launch is delayed.
- **2025-06-20**: Leadership Removed — Krafton fires Unknown Worlds co-founders and CEO to block the earnout.
- **2025-02-10**: Project X Initiated — CEO Changhan Kim consults ChatGPT and forms a task force to 'take over' the studio.
- **2024-11-15**: Internal Forecasts — Krafton projections suggest Subnautica 2 will meet targets, triggering the $250M payout.
- **2021-10-29**: Acquisition Finalized — Krafton acquires Unknown Worlds with earn-out provisions totaling $250M.
- **2021-10-29**: Acquisition Finalized — Krafton acquires Unknown Worlds for $500M with a $250M performance-based earnout.

## Recent coverage (2 stories)

### Krafton CEO’s ChatGPT-Led Payout Evasion Strategy Fails in Delaware Court
2026-03-23 00:36:59 · Sentiment: Negative · Impact: 7/10 · Sources: 2

The Delaware Court of Chancery has ordered Krafton to reinstate the leadership of Unknown Worlds Entertainment after CEO Changhan Kim used ChatGPT to devise a 'takeover' strategy to avoid a $250 million earnout. The ruling highlights the legal risks of using generative AI to circumvent contractual obligations and the court's intolerance for bad-faith maneuvers in M&A deals.
Full story: https://getlegalbrief.com/story/krafton-chatgpt-earnout-scandal-delaware-ruling

### Krafton-Unknown Worlds Dispute: Court Orders CEO Reinstatement Amid $250M Battle
2026-03-18 01:05:32 · Sentiment: Neutral · Impact: 5/10 · Sources: 2

A court has ordered the reinstatement of former Unknown Worlds CEO Ted Gill following a high-stakes legal battle over a $250 million earn-out provision in the studio's acquisition by Krafton. The ruling comes as the highly anticipated sequel, Subnautica 2, is scheduled for a May early access release, highlighting the tension between corporate performance targets and executive management.
Full story: https://getlegalbrief.com/story/krafton-unknown-worlds-legal-dispute-ceo-reinstatement

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