Wild ride. That Kim bloke has been underwater and panicking for a while now
Comment on Unknown Worlds Earns $250M Performance Bonus After Stellar Subnautica 2 Launch
rtxn@lemmy.world 10 hours agoThat entire situation was ridiculous. The major points:
- Yes, that contract was stupidly favorable to Unknown Worlds. It was negotiated by none other than Chang-ham Kim, CEO of Krafton.
- Kim later realized that and wanted to back out of the contract because it would’ve made him look like a pushover. He employed the help of ChatGPT, which told him that it was a stupid fucking idea.
- He went ahead with the plan anyway. He fired Unknown Worlds’ three co-founders for made-up reasons and appointed Steve Papoutsis as the CEO
- He tried to sabotage the game’s development by disrupting communication between Unknown Worlds and other departments, to push the early access launch beyond the window where the 250M could be earned.
- Obviously it went to court. Krafton tried to change the story about the reason the co-founders were fired based on information that they discovered afterwards, but the judge was having none of that chicanery.
- During discovery, the ChatGPT logs and some conversations were revealed that implicated Krafton.
- The court ruled in Unknown Worlds’ favour. The judge ordered the Ted Gill to be reinstated as CEO (the other two co-founders chose not to return) and the bonus window to be extended by several months to account for the time that they didn’t have conrol of the company.
- As a last fuck-you, Papoutsis prematurely announced Subnautica 2’s early access launch. Gill had no idea about the state of development.
- Subnautica 2 then went on to be a massive success, Krafton is in the doghouse, and Chang-ham Kim is now known to be both a pushover and a fucking idiot.
bomberesque@lemmy.world 6 hours ago
expr@piefed.social 7 hours ago
So… did he use ChatGPT to write the contract in the first place? If so, that would fucking hilarious.
rtxn@lemmy.world 4 hours ago
The acquisition was finalised in late 2021. No, Kim was stupid entirely on his own.
einlander@lemmy.world 3 hours ago
Folstar@lemmus.org 3 hours ago
Good summary. What’s wild to me is reading through this and pondering the frequency of these events. “Someone made an arrogant/stupid business decision” multiple times a day every day. “Someone tried to weasel out and was told that was stupid” also every day. “Went ahead with the plan anyway” - very frequent. “Tried to burn it all down” - all too often. Then we get to the turn where the wronged actually got a fair day in court- far, far less often. Then the villain of our story with $250M on the line somehow didn’t lawyer up enough to get the best justice money can buy - almost seems like fiction at this point and beyond.