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Archive by category Gaming & Esports

Gaming Giants Battle for Intellectual Property in Global Acquisition Race

SEOUL, Dec. 6 (Korea Bizwire) – Major gaming companies worldwide are intensifying their competition to secure valuable intellectual property through aggressive mergers, acquisitions, and investments, with Asian technology giants leading the charge. Tencent, China’s largest gaming and technology company, has recently acquired domestic game developer Kuro Games, the studio behind Wuthering Waves, adding to its growing portfolio [...]

Krafton to Host Int’l PUBG: Battlegrounds Competition in Malaysia Next Week

SEOUL, Dec. 6 (Korea Bizwire) — South Korean gamemaker Krafton Inc. said Friday it will host a global esports competition for its smash-hit battle royale title, PUBG: Battlegrounds, set to kick off next week. The PUBG Global Championship (PGC) 2024 will take place in Kuala Lumpur, Malaysia, from Monday to Dec. 22, according to the [...]

NCsoft Expands into Casual Gaming with New Lineage-Based Project

SEOUL, Dec. 6 (Korea Bizwire) – NCsoft, the South Korean gaming giant, has initiated development of a new casual game based on its Lineage intellectual property, following the recent release of Journey of Monarch, according to gaming industry sources. The company posted job listings on December 2 for content planners for what it describes as a “new [...]

NCSOFT Finalizes Decision to Establish 4 New Subsidiaries

SEOUL, Nov. 28 (Korea Bizwire) — NCSOFT Corp., a major South Korean game developer, finalized its decision to establish four new subsidiaries, including game studios, in an extraordinary meeting of shareholders, the company said Thursday. With the shareholders’ approval, the company will split off three game studios — FirstSpark Games, BigFire Games and Ludius Games [...]

In War-Torn Ukraine, a Post-Apocalyptic Game Reflects Brutal Realities

SEOUL, Nov. 26 (Korea Bizwire) – After a two-year delay caused by Russia’s invasion of Ukraine, the highly anticipated “S.T.A.L.K.E.R. 2: Heart of Chornobyl” has finally emerged from Ukrainian game developer GSC Game World, marking the studio’s return to its flagship series after a 15-year hiatus. The game, released on November 21, offers a somber meditation [...]

E-Sports Legend Faker Reflects on Failure, Growth, and Humility: A Message to the Next Generation

SEOUL, Nov. 20 (Korea Bizwire) – South Korean e-sports star Faker said Wednesday that his past failures taught him valuable lessons that shaped who he is today, encouraging young people to embrace challenges with passion. The professional League of Legends (LoL) player, whose real name is Lee Sang-hyeok, made the remarks at an event in [...]

South Korean Mobile Game ‘Solo Leveling: ARISE’ Wins Top Honor at National Game Awards

BUSAN, Nov. 14 (Korea Bizwire) – In a fierce competition for South Korea’s most prestigious gaming award, Netmarble’s mobile game “Solo Leveling: ARISE” clinched the Presidential Prize at the 2024 Korea Game Awards on November 13, marking the company’s biggest success of the year. Based on “Solo Leveling,” a popular Korean cultural export that has garnered [...]

Korean Gaming Industry Divided by IP Strength as Companies Chart Different Paths for 2025

SEOUL, Nov. 13 (Korea Bizwire) – As the third quarter of 2024 comes to a close, South Korea’s gaming industry is experiencing a stark divide in financial performance, with companies’ fortunes increasingly dependent on their intellectual property (IP) portfolios, leading major players to adopt divergent strategies for 2025. Industry powerhouses Krafton and Nexon, often considered the [...]

NCsoft Reports First Quarterly Loss in 12 Years, Promises Radical Restructuring by Year’s End

SEOUL, Nov. 5 (Korea Bizwire) – In response to its first quarterly loss in 12 years, South Korean gaming giant NCsoft has pledged to undergo a drastic restructuring by year’s end to revitalize its performance. During the third-quarter earnings call on November 4, NCsoft CFO Hong Won-jun promised that from 2025 onwards, the company would focus [...]

Korean Game Companies Battle for Dominance in Top-Down Combat Genre

SEOUL, Nov. 4 (Korea Bizwire) – Major gaming companies are intensifying their competition in the top-down perspective combat game market, with several high-profile titles scheduled for release around 2025, all emphasizing real-time player-versus-player combat and cross-platform gameplay. According to industry sources on November 2, Krafton will showcase its upcoming title “Project Arc” at G-STAR, Korea’s largest [...]