SEOUL, Dec. 17 (Korea Bizwire) – The percentage of South Koreans who play video games has dropped below 60% for the first time in a decade, marking a significant decline from its peak during the COVID-19 pandemic when nearly three-quarters of the population were gaming. According to a new survey released on December 16 by the [...]
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 [...]
SEOUL, Jun. 25 (Korea Bizwire) – In a notable turn for South Korea’s videogame industry, long dominated by mobile and online multiplayer titles, domestic developers are finding surprising success in the global console market, potentially heralding a new era of diversification and growth. Shift Up, a rising star in the Korean gaming scene, recently disclosed in [...]
SEJONG, Apr. 18 (Korea Bizwire) – The Fair Trade Commission of South Korea has launched an investigation into allegations that the online game “Night Crows” manipulated the probabilities of obtaining in-game items. According to industry sources, the commission dispatched investigators to the headquarters of WeMade, the game’s developer, in Seongnam, Gyeonggi Province, to secure data related [...]
SEOUL, Jan. 11 (Korea Bizwire) – South Korea’s Game Rating and Administration Committee (GRAC) is gearing up for the implementation of mandatory loot box probability disclosure requirements set to begin this March. However, concerns have been raised about the committee’s capacity to conduct thorough investigations due to its plan to fill the 24-member monitoring team with [...]
SEOUL, June 9 (Korea Bizwire) — South Korean gaming industry is gradually reaping the benefits of investing in generative artificial intelligence (AI) research, following the emergence of ChatGPT. NCSOFT Corp. has been expanding its investment to incorporate AI into game production and overall services, extending beyond its previous limited applications in game chat translation and [...]
SEOUL, April 17 (Korea Bizwire) — Intellectual property (IP)-related goods that fans can purchase and own are becoming an increasingly important marketing strategy in the South Korean gaming industry. Gaming giant Nexon Co. conducted a strategic investment in local merchandise manufacturer Marppel Corp. to open an official merchandise shopping mall this year. Nexon will utilize [...]
SEOUL, Jan. 5 (Korea Bizwire) — About six out of 10 South Korean parents enjoy playing video games with their children, a survey showed Wednesday. According to the survey conducted last year by the Korea Creative Content Agency, 59.3 percent of the 1,028 respondents with school-age children said they play video games with their children [...]
SEOUL, Dec. 23 (Korea Bizwire) — South Korean refiner Hyundai Oilbank Co. said Thursday it will introduce the nation’s first game-themed gas station. Hyundai Oilbank, gaming giant Nexon Co. and local fashion brand Peaches collaborated on opening a PARTS Oilbank gas station in Hannam-dong, Seoul using the intellectual property from Nexon’s hit online game “KartRider.” [...]
SEOUL, Feb. 25 (Korea Bizwire) — Video games specially developed to treat attention deficit hyperactivity disorder (ADHD) are capable of increasing the blood flow that is lacking in certain parts of the brain, a study showed Thursday. A research team from Chung-Ang University Hospital created a game co-developed by public agencies and private companies and [...]