Founded in 2007, InfoKrafton is known for developing popular games like TERA and PlayerUnknown's Battlegrounds (PUBG). In 2018, the company reorganized as a subsidiary under the parent company Krafton. With a net worth of $2.9 billion, the founder Chang Byung-gyu is one of the gaming billionaires in South Korea. InfoKrafton recently filed for an initial public offering, aiming to raise $5 billion at a market valuation of $27.2 billion. Despite a drop in value during the IPO, the company is still valued at $19.32 billion. The Chinese government's restrictions on video games have affected InfoKrafton and other companies in the industry. Tencent, the largest video game company in China, has invested in InfoKrafton and plans to acquire a larger stake in the company.