• Lee Sang-hyuk, the founder of the South Korean gaming company Krafton, has become a billionaire after the company's shares surged following its initial public offering (IPO) on the Korea Exchange. Krafton, the creator of the popular battle royale game "PlayerUnknown's Battlegrounds" (PUBG), raised over $3.8 billion in its IPO, making it one of the largest public listings in South Korea's history.

• Lee, who owns a 16.4% stake in Krafton, saw his net worth soar to an estimated $3.5 billion after the company's shares jumped by more than 30% on their first day of trading. This makes him one of the wealthiest individuals in South Korea's gaming industry, which has experienced significant growth in recent years due to the global popularity of mobile and online games.

• Krafton's successful IPO is a testament to the company's ability to capitalize on the rising demand for high-quality gaming experiences, particularly in the battle royale genre. The company's flagship title, PUBG, has amassed a massive global user base and has become a cultural phenomenon, contributing to Krafton's strong financial performance and the founder's newfound billionaire status.