SEOUL, Sept. 12 (Korea Bizwire) – Krafton, the South Korean video game powerhouse behind global hit “PlayerUnknown’s Battlegrounds,” is making a significant pivot into the rapidly growing short-form drama market, signaling a major diversification effort for the company. On September 11, Krafton announced a 120 billion won equity investment in Spoonlabs, a company known for its [...]
SEOUL, Sept. 3 (Korea Bizwire) – South Korean gaming giant Nexon Co. said Tuesday it aims to raise annual sales to 750 billion yen (US$5.1 billion) by 2027 by diversifying its blockbuster titles across various platforms in the global market. During a capital markets briefing held in Tokyo, Nexon CEO Lee Jung-hun outlined its growth [...]
SEOUL, Aug. 19 (Korea Bizwire) — South Korean game developer NCSOFT Corp. said Monday it will begin global service of its new game title, Throne and Liberty (TL), in partnership with Amazon Games in October. NCSOFT initially planned to start the global service Sept. 17 but shifted the launch date to Oct. 1 to better [...]
SEOUL, Aug. 14 (Korea Bizwire) — NCSOFT Corp., a South Korean gaming giant, said Wednesday it has decided to launch two new companies through a split-off as part of its efforts to increase competitiveness and tackle its management crisis. NCSOFT made the decision to separate its quality assurance service unit, NCQA, and software developing business [...]
SEOUL, Aug. 12 (Korea Bizwire) — Krafton Inc., a South Korean game firm, said Monday it has acquired Tokyo-based game studio Tango Gameworks. Krafton said it will absorb Tango Gameworks’ developers and the rights to its acclaimed rhythm action combat game Hi-Fi RUSH, according to the Korean company. “This integration reinforces Krafton’s dedication to [...]
SEOUL, Jul. 31 (Korea Bizwire) – The portable gaming market, which saw renewed consumer interest following the 2022 release of the Steam Deck, is experiencing intensified competition as console manufacturers join hardware makers in the race for market share. Sony Interactive Entertainment Korea (SIEK) announced on July 29 that it will officially launch the PlayStation Portal, [...]
SEOUL, Jul. 31 (Korea Bizwire) – A recent report by CJ ENM’s digital marketing firm MezzoMedia reveals a growing trend among South Korean consumers: maximizing value from limited time across shopping, gaming, and content consumption. The 2024 Consumer Trends Series report, released on July 29, highlights consumers’ increasing preference for products and services that minimize wasted [...]
SEOUL, July 24 (Korea Bizwire) – LG Uplus, a major South Korean telecommunications company, announced on July 24 that it will introduce its web-based in-vehicle gaming service, Game Portal, to Kia’s new EV3. This marks the first time the Game Portal service will be available in a domestic brand vehicle in South Korea. According to LG [...]
SEOUL, Jul. 17 (Korea Bizwire) – The League of Legends Champions Korea (LCK), South Korea’s premier professional esports league, is broadening its reach by boosting fan engagement in Vietnam, where viewership has recently surged. According to the LCK secretariat on July 16, the Vietnamese broadcast of the 2024 LCK Spring Finals in April reached a peak [...]
SEOUL, Jul. 5 (Korea Bizwire) – Nexon, a leading South Korean game developer, is ramping up efforts to launch its blockchain-based game MapleStory N, which has been in development since 2022. The company has begun recruiting testers, signaling a move towards the game’s official release. According to industry sources on July 4, NexSpace, a Nexon subsidiary, [...]