SEOUL, Jun. 2 (Korea Bizwire) — Kakao Corp., Netmarble Corp., and three private equity firms submitted final bids for the parent of South Korean gaming firm Nexon, in possibly one of the biggest gaming deals worldwide, financial sources said Sunday. In an auction that closed on May 31, mobile messaging app Kakao, Korea’s No. 2 [...]
SEOUL, May 27 (Korea Bizwire) — South Korea plans to set up a body to address the World Health Organization’s decision to classify excessive gaming as an illness, while balancing the interests of the country’s high-profile gaming sector and growing concerns over gaming addiction, the government said Monday. The WHO last week defined problems caused [...]
SEOUL, Mar. 21 (Korea Bizwire) — South Korean mobile carrier LG Uplus Corp. said Thursday it will launch Nvidia’s GeForce NOW cloud gaming platform for Internet Protocol (IP) television services and upcoming 5G smartphones. LG Uplus said it has signed an exclusive deal with Nvidia, a U.S.-based graphics processing unit (GPU) manufacturer, to give access [...]
BARCELONA, Feb. 25 (Korea Bizwire) — SK Telecom Co. and Comcast Spectacor on Monday agreed to establish an esports joint venture tasked with global team operation, content development and marketing to cash in on the fast growing entertainment segment. South Korea’s leading mobile carrier and U.S. media and entertainment giant Comcast’s professional sports unit signed [...]
SEOUL, Feb. 22 (Korea Bizwire) — South Korea’s largest game publisher NCSOFT Corp. said Friday that the new version of its mobile mega-hit game “Lineage M” will overcome the limitations of its platform. The so-called master server will be adopted for the massively multiplayer online role-playing game (MMORPG) starting for the first time in March [...]
SEOUL, Feb. 19 (Korea Bizwire) — South Korea’s No. 1 mobile carrier SK Telecom Co. said Tuesday it will launch a virtual reality (VR) racing game for 5G smartphones in the first half of this year. SK Telecom said it has signed a licensing agreement with the nation’s leading game developer, Nexon Co., to use [...]
SEOUL, Jan. 23 (Korea Bizwire) — NHN Entertainment Corp.’s artificial intelligence (AI) Go program beat the reigning global champion in a match on Wednesday, scoring a complete victory in a series of games against South Korea’s top five players. NHN’s AI player HanDol defeated Shin Jin-seo in the fifth and final match held at the [...]
SEOUL, Jan. 23 (Korea Bizwire) – NHN Entertainment Corp. said Wednesday it will develop more intriguing Go games based on its artificial intelligence (AI) technology, following its successful match held between its program and South Korea’s top players. The entertainment unit of Naver, South Korea’s largest portal, unveiled the AI development plan as it was [...]
SEOUL, Jan. 11 (Korea Bizwire) — The value of South Korea’s e-sports industry increased 4.2 percent on-year to 97.3 billion won (US$87 million) in 2017, a government report said Friday. The market size of the nation’s e-sports, which refers to competitive video gaming, has steadily expanded in recent years, increasing from 60.27 billion won in [...]
SEOUL, Jan. 3 (Korea Bizwire) — The founder of South Korea’s major online game publisher Nexon Co. is poised to sell a controlling stake in the firm’s holding company, industry observers said Thursday. Kim Jung-ju is offering a combined 98.64 percent stake worth 6 trillion won (US$5.32 billion) in Nexon’s holding firm NXC Corp. and [...]