FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
Report of Foreign Issuer
 
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934

For the month of November 2009
Commission File Number: 000-50476

Webzen Inc.
(Translation of registrant’s name into English)

9th Floor, Daelim Acrotel Building
467-6 Dogok-dong, Kangnam-Ku,
Seoul, Korea 135-971
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F
X
 
Form 40-F
 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes
   
No
X

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes
   
No
X

Indicate by check mark whether by furnishing the information contained in this Form, the Registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:

Yes
   
No
X

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): N/A
 
 


 
 
 
 

 
Webzen Inc.

INDEX TO EXHIBITS
 
 
 
Item
 
1.
Conversion of Depositary Receipts (DRs) into Underlying Shares
 
 
    
 
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 
   
Webzen Inc.
 
Date:
November/17/2009
 
By:
/s/ Chang Keun Kim
       
Name:
CHANG KEUN KIM
       
Title:
Chief Executive Officer

 
 
 

 
 
 
Item 1.
 
 
 
Conversion of Depositary Receipts (DRs) into Underlying Shares
1. Accumulated Number of Share s Issued through Conversion (Excluding number of shares previously reported)
157,521
- Number of Outstanding Shares
12,974,000
- Ratio to Number of Outstanding Shares(%)
1.21%
2. Other
*Confirmation Date:11/17/2009
*ADR ratio has been changed    10:3 from the 10:1 due to
the free issue of new shares
*Remaining DR after conversion on 05/01/2009 : 5,049,370
 Current Remaining DR: 4,524,300
Relevant Disclosure
-
 
Details of Daily Application for Conversion
 
(Unit : share)

Application Date
Type of DR Issue
Date of DR Issue
Number of DRs Applied for Conversion
Conversion Ratio( shares /1DR)
Number of Shares Delivere
 
2009-08-12
New Share DR
2003-12-16
10,000
0.3
3,000
2009-08-14
New Share DR
2003-12-16
50,000
0.3
15,000
2009-08-18
New Share DR
2003-12-16
84,990
0.3
25,497
2009-08-19
New Share DR
2003-12-16
17,500
0.3
5,250
2009-08-21
New Share DR
2003-12-16
10,000
0.3
3,000
2009-09-08
New Share DR
2003-12-16
20,000
0.3
6,000
2009-09-16
New Share DR
2003-12-16
22,000
0.3
6,600
2009-10-29
New Share DR
2003-12-16
17,300
0.3
5,190
2009-11-02
New Share DR
2003-12-16
65,000
0.3
19,500
2009-11-05
New Share DR
2003-12-16
34,000
0.3
10,200
2009-11-06
New Share DR
2003-12-16
74,580
0.3
22,374
2009-11-09
New Share DR
2003-12-16
19,700
0.3
5,910
2009-11-10
New Share DR
2003-12-16
50,000
0.3
15,000
2009-11-12
New Share DR
2003-12-16
50,000
0.3
15,000  
 
 
 
 
 

 
 
 
 
Changes in DR
(Unit : DR, share)
 

Type of DR Issue
Date of DR Issue
Total Number of DRs Issued
Balance of DRs at Current Disclosure Date
Conversion Ratio ( shares /1DR)
Number of Convertible Shares
New Share DR
2003-12-16
8,700,000
4,524,300
0.3
1,357,290

 
 
 

 
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