NXC Announces Leadership Transition

NXC Corp., a leading global investment firm and holding company, today announced the appointments of Jaekyo Lee to the position of Chief Executive Officer and Alex Iosilevich as Global President and Chief Investment Officer. Jungju Kim, founder and former CEO of NXC will remain involved in the activities of NXC as a Director of the Company.

Ms. Jaekyo Lee originally joined Nexon Corp., today a core strategic holding of NXC, as the head of public relations in 1998 and transitioned to NXC in 2012. At NXC, she headed the Company’s social contribution activities as well as leading its communication unit. Recently, she has also served on the Board of the Nexon Foundation, which has become a force in children’s education and healthcare, as well as venture philanthropy in Korea since it was established in 2018.

Mr. Alex Iosilevich has been a key strategic advisor to NXC for over ten years. Most recently, he served as the Head of Media Investment Banking for UBS Investment Bank in the Americas. He previously held similar senior leadership positions at Deutsche Bank and Barclays Capital and has been one of the most prolific deal makers in the interactive entertainment sector globally over the past two decades.

“I’ve served as the CEO of NXC since 2005, and I believe that it is the right time to transition the go-forward management team at NXC to experienced leaders who understand the DNA of our portfolio companies and will work tirelessly to help them build their businesses and achieve their global growth ambitions,” said Jungju Kim. “For the last 20 years, Lee has inspired me with her approach to the stakeholders we serve. I look forward to partnering with Lee in her new role as CEO as I stay involved on the Board of Directors of NXC.”

Mr. Kim added, “Alex is a seasoned advisor and investor in the media and entertainment industry sectors who has been involved in the creation of some of the most successful global companies in these sectors. He has been a trusted advisor to NXC and our portfolio companies over many years. I have great confidence that Lee and Alex will lead NXC’s talented team and existing holdings to the next level, as well as grow and diversify our portfolio by partnering with other visionary entrepreneurs and companies around the world to make a positive impact on society and create lasting value.”

“The creative young minds I saw at Nexon inspired me to join the team nearly 23 years ago and that same spirit has grown throughout the NXC family of companies today,” said Jaekyo Lee. “I intend to apply myself fully to continuing Jungju Kim’s mission of fostering entrepreneurs with creativity and innovation, and to look for new opportunities for NXC going forward.”

"I have always admired NXC's rich history of innovation on a global scale across multiple industry sectors,” said Alex Iosilevich. “I am truly excited to be joining NXC's team and looking forward to working closely with Jay and Lee to help shape the next chapter of NXC's growth and diversify our portfolio."

Jaekyo Lee will be based at NXC headquarters in Jeju City, Korea. Alex Iosilevich will be based in New York, NY.

Biographical information on management

Ms. Jaekyo Lee originally joined Nexon as head of public relations in 1998 and transitioned to NXC in 2012. During her more than 20 years at Nexon and NXC, she has led company’s social contribution activities as well as leading its communications unit. Recently, she has also served on the Board for the Nexon Foundation, which has become a force in children’s education and healthcare, as well as venture philanthropy in Korea since it was established in 2018. Before joining Nexon, she was responsible for PR and digital communication projects at Hyundai Motor company.

Mr. Alex Iosilevich is joining NXC after over two decades of experience as an advisor and investor in the global technology, media and entertainment industry sectors. Most recently, Alex was Head of Media Investment Banking with UBS Investment Bank in the Americas, and previously held similar senior leadership roles with Deutsche Bank, Barclays Capital, and Lehman Brothers. Over the course of his career, Alex has been one of the most prolific dealmakers in the interactive entertainment industry globally, having advised gaming companies and their boards on over 50 transactions totaling approximately $60 billion in value. He holds a Doctoral degree from the Massachusetts Institute of Technology (MIT).

About NXC Corp.

NXC is a leading global investment firm and holding company. NXC’s core holdings include NEXON Co. Ltd., a company engaged in the production, development and operation of online games and virtual worlds and a member of the Nikkei 225 index on the Tokyo Stock Exchange, as well as a diverse portfolio of businesses and investments in consumer, technology, education, venture capital and other sectors. NXC seeks to partner with visionary entrepreneurs and leading businesses worldwide and carries out a wide spectrum of social contributions and cultural projects.

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