BonAngels Update

South Korean game developer Krafton lowers IPO target

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SEOUL, July 1 (Reuters) - South Korean game developer Krafton Inc 259960.KS has made a downward revision to its planned initial public offering (IPO) and now aims to raise at least 3.5 trillion won ($3.09 billion) down from the previously announced target of 4.6 trillion won, it said on Thursday.

The IPO target adjustment from the company behind blockbuster video game PlayerUnknown's Battlegrounds follows a Financial Supervisory Service (FSS) request for it to resubmit its IPO registration statement last week.

($1 = 1,132.0400 won)

Game maker Krafton aims for up to $5 bln in S.Korea's biggest IPOID:nL2N2NY00C

(Reporting by Heekyong Yang Editing by David Goodman)

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