SEOUL, Jan. 27 (Korea Bizwire) — Netmarble Games, a major South Korean mobile game developer and publisher, on Thursday introduced more than 20 new titles with 75 percent of them based on its own intellectual property (IP). “Netmarble is introducing 22 new titles in various genres,” Netmarble co-CEO Kwon Yeong-sik said during a press conference [...]
SEOUL, Jan. 26 (Korea Bizwire) — South Korean game developer Kakao Games Corp. said Wednesday it has invested US$20 million in U.S.-based independent game developer Frost Giant Studios in line with its efforts to increase its global profile. The game affiliate under Kakao Corp., which operates South Korea’s most-used mobile messenger KakaoTalk, said it made [...]
SEOUL, Dec. 20 (Korea Bizwire) — Krafton Inc., the South Korean gaming giant behind the global smash hit “PlayerUnknown’s Battlegrounds” (PUBG), said Monday that it has invested US$5 million in the Indian dating app FRND. The investment into FRND is part of a Series A round of funding worth $6.5 million that includes other investors, [...]
SEOUL, Dec. 20 (Korea Bizwire) – South Korea’s video game market expanded more than 20 percent on-year to rank fourth in the world last year on the back of stellar growth in online games, a report showed Monday. The country’s video game market posted 18.9 trillion won (US$15.9 billion) in sales last year, up 21.3 [...]
SEOUL, Dec. 10 (Korea Bizwire) — Krafton Inc., a South Korean gaming giant, said Friday that its global smash hit “PUBG: Battlegrounds” will be going free to play starting next month. The game will start a free-to-play mode on all platforms, including computers and consoles, on Jan. 12, 2022, to enable more people to enjoy [...]
SEOUL, Dec. 7 (Korea Bizwire) — Krafton Inc., a South Korean gaming giant behind the global smash hit “PlayerUnknown’s Battlegrounds” (PUBG), said Tuesday that it has invested US$6 million in an Arabic mobile games publisher The investment into Tamatem Games is part of a funding round worth $11 million that includes other investors, such as [...]
SEOUL, Nov. 11 (Korea Bizwire) — NCSOFT Corp., a major South Korean online and mobile game developer, said Thursday that its net profit fell 34.8 percent in the third quarter from a year earlier due partly to poor performance of its new titles. Net profit stood at 99.5 billion won (US$84.3 million) during the July-September [...]
SEOUL, Nov. 10 (Korea Bizwire) — Lineage 2M, a mobile massively multiplayer online role-playing game (MMORPG), will land in a total of 29 countries next month, South Korean online game maker NCSOFT Corp. said Wednesday. The mobile version of the megahit game Lineage 2 will be simultaneously available on Google’s Android and Apple’s iOS devices [...]
SEOUL, Oct. 8 (Korea Bizwire) — South Korean video game giant NCSOFT Corp., stricken with criticism over newly released game and a plunging share price, is yet again facing a sexual harassment case. An anonymous whistleblower at the company posted on Blind, an anonymous community of employed workers, that “certain individuals notorious for committing sexual [...]
SEOUL, Oct. 1 (Korea Bizwire) — South Korea’s video game powerhouses are eyeing new grounds, from K-pop to TV shows, in search for new audiences as they become increasingly outshined by a new generation of game companies. Earlier this year, NCSOFT Corp., the creator of the hit fantasy series “Lineage,” launched a K-pop fan platform [...]