SEOUL, Sept. 13 (Korea Bizwire) – A recent study has revealed that 27 non-owning executives of South Korean companies with market capitalizations exceeding 2 trillion won hold stock wealth valued at over 10 billion won each, highlighting a growing trend of wealth accumulation among professional managers in the country’s booming tech sector. The Korea CXO Institute, [...]
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, 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, July 3 (Korea Bizwire) – South Korean gaming giant Krafton Inc. will showcase its new titles at one of the largest global gaming events in Germany next month, the company said Wednesday. Krafton will unveil its extraction role-playing game, Dark and Darker Mobile, and life simulation game, inZOI, at gamescom 2024, which will take [...]
BANGKOK, THAILAND, Nov. 21 (Korea Bizwire) - PHILIPS and KRAFTON join forces to kick off the PUBG Battleground in ‘Philips Evnia Games 2022′, where famous KOLs and Influencers from 6 countries such as Thailand, Vietnam, South Korea, Taiwan, Philippines and Indonesia will enter the battlefield and fight their way to the top. This tournament promotes the [...]
SEOUL, Feb. 3 (Korea Bizwire) — Krafton Inc., a South Korean gaming giant behind the global smash hit “PlayerUnknown’s Battlegrounds” (PUBG), said Thursday that it has invested US$5.4 million in an Indian sports game developer, Nautilus Mobile. It is Krafton’s first investment in an Indian game development studio. Nautilus is a sports game developer that [...]
SEOUL, Dec. 20 (Korea Bizwire) — Krafton Inc., the South Korean gaming giant behind the global smash hit “PlayerUnknown’s Battlegrounds” (PUBG), said Monday that it has invested US$5 million in the Indian dating app FRND. The investment into FRND is part of a Series A round of funding worth $6.5 million that includes other investors, [...]
SEOUL, Dec. 10 (Korea Bizwire) — Krafton Inc., a South Korean gaming giant, said Friday that its global smash hit “PUBG: Battlegrounds” will be going free to play starting next month. The game will start a free-to-play mode on all platforms, including computers and consoles, on Jan. 12, 2022, to enable more people to enjoy [...]
SEOUL, Dec. 7 (Korea Bizwire) — Krafton Inc., a South Korean gaming giant behind the global smash hit “PlayerUnknown’s Battlegrounds” (PUBG), said Tuesday that it has invested US$6 million in an Arabic mobile games publisher The investment into Tamatem Games is part of a funding round worth $11 million that includes other investors, such as [...]
SEOUL, Aug. 3 (Korea Bizwire) — Video game developer Krafton Inc.’s initial public offering (IPO) drew lukewarm responses from retail investors, with their deposits for IPO subscriptions just at 5 trillion won (US$4.35 billion), its IPO managers said Tuesday. During the two-day subscription, the subscription rate stood at 7.79:1 for shares allocated for retail investors. [...]