SEOUL, July 6 (Korea Bizwire) — Minecraft, a sandbox video game popular among elementary school children, is on the verge of being limited only to adults in South Korea due to the country’s ‘Game Shutdown Policy’ that bans children under 16 years of age from accessing games between 12 a.m. and 6 a.m. Microsoft Corp. [...]
SEOUL, June 28 (Korea Bizwire) — Krafton Inc., a South Korean gaming giant behind the global smash hit “PlayerUnknown’s Battlegrounds” (PUBG), said Monday that it has invested US$9 million in India-based streaming platform Loco. The funding includes other investors, such as Lumikai, India’s first gaming and interactive media fund, as well as Hashed, Hiro Capital, [...]
SEOUL, June 16 (Korea Bizwire) — Krafton Inc., the gaming giant behind the global smash hit “PlayerUnknown’s Battlegrounds” (PUBG), said Wednesday it plans to raise as much as 5.6 trillion won (US$5 billion) through an initial public offering (IPO) that will likely place it as South Korea’s most valuable video game company. The company plans [...]
SEOUL, May 31 (Korea Bizwire) — NCSOFT Corp., a major South Korean online and mobile game developer, announced that it will self-impose strong regulations as game developers are imposing stricter voluntary restrictions on ‘gacha’ items. The Korea Internet and Digital Entertainment Association has recently released an amended code of conduct for self-regulation on gacha items. [...]
SEOUL, April 25 (Korea Bizwire) — At the start of the year, Devsisters Corp. was a minor mobile game publisher struggling to turn around, crossing its fingers over the launch of its latest installment of the casual endless runner series Cookie Run. Three months later, “Cookie Run: Kingdom” has dominated South Korea’s mobile app store [...]
SEOUL, April 22 (Korea Bizwire) — South Korean game developers are actively engaged in crossover marketing using everyday life-related materials. This move is interpreted as a part of their strategy to expand their customer base towards non-gamers. On Tuesday, Pearl Abyss Corp. released men’s underwear in collaboration with a fashion brand Swagger. The newly-released men’s [...]
SEOUL, April 14 (Korea Bizwire) — Transactions on mobile games in South Korea reached a record high in the first quarter of this year, data showed Wednesday, amid the pandemic-driven online gaming trend. Mobile game transactions stood at 1.66 trillion won (US$1.48 billion) in the January-March period this year, compared with 1.48 trillion won the [...]
SEOUL, March 19 (Korea Bizwire) — The ‘well-being’ index and satisfaction levels for ‘social support’ of the older generation are higher among those who play digital games. Doh Young-yim, an invited professor at the Korea Advanced Institute of Science and Technology, conducted a survey of 190 people between the ages of 50 and 60, which [...]
SEOUL, Feb. 18 (Korea Bizwire) — The mobile game market in South Korea logged sharp growth of over 5 trillion won (US$4.5 billion) last year amid the pandemic, data showed Thursday. Total mobile game transactions in the country were estimated at 5.3 trillion won in 2020, up 24.3 percent from the previous year, according to [...]
SEOUL, Jan. 13 (Korea Bizwire) — The number of South Korean mobile gamers rose sharply in the midst of the COVID-19 pandemic, but their per-capita spending on mobile games declined, Facebook said Tuesday. According to a report released by the U.S. social networking giant, the number of domestic mobile gamers stood at 9.4 million in [...]