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 [...]
SEOUL, Sept. 13 (Korea Bizwire) — Shares in South Korean video game giant NCSOFT continued to sink Monday on disappointment over its new title “Blade & Soul 2.” NCSOFT’s shares closed at 591,000 won (US$505), down 29.39 percent from Aug. 25, a day before the game’s launch, with 5.4 trillion won cleared from its market [...]
SEOUL, Sept. 10 (Korea Bizwire) — Apple Inc. on Friday rejected U.S. game maker Epic Games Inc.’s request that its hit title “Fortnite” be rereleased in South Korea in a case that highlights a tug-of-war over lucrative payment systems on the app market. The video game maker earlier tweeted that it asked Apple to restore [...]
SEOUL, Sept. 9 (Korea Bizwire) — An increasing number of games are introducing Korean backdrops, instead of the more common western or Japanese settings. Last month, South Korean game developer Pearl Abyss introduced a new game “DokeV” at the German game exhibition “Gamescom 2021.” The game’s teaser, which has already surpassed 7 million views on [...]