SEOUL, Dec. 22 (Korea Bizwire) — NCSOFT Corp., a major South Korean gamemaker, said Monday it has acquired Singapore-based mobile game publisher Indygo Group as part of its broader strategy to focus on the mobile casual game business as a new growth driver. The company purchased a 67 percent stake in Indygo Group at 153.4 [...]
SEOUL, Aug. 22 (Korea Bizwire) — NCSOFT Corp., a leading South Korean game developer, said Friday it has signed a content distribution collaboration deal with local animation streaming platform Laftel. Under the agreement, Laftel will distribute 3,800 titles of animation content to NCSOFT’s NC Family Zone (NCFZ) PC cafes, starting Sept. 18. NCSOFT plans to [...]
COLOGNE, Germany, Aug. 20 (Korea Bizwire) — The world’s largest gaming convention opened with a barrage of new titles and trailers on Monday night, as publishers from the United States, Europe, China and South Korea used Gamescom’s Opening Night Live showcase to capture the global spotlight. Crowds packed into the Koelnmesse exhibition center, underscoring the [...]
SEOUL, March 13 (Korea Bizwire) — South Korean gaming giant NCSOFT Corp. said Thursday it plans to launch Blade & Soul 2, the company’s popular multiplayer online role-playing game (MMORPG), in China next month. The company said it has partnered with China’s Tencent, the local publisher, and conducted multiple pre-launch tests to optimize the game [...]
SEOUL, Feb. 14 (Korea Bizwire) — South Korean gaming giant NCSoft has found itself in a financial crisis, posting its first annual operating loss in 26 years. The company reported an operating loss of 109.2 billion won ($75 million) for 2024, marking its first negative earnings since 1998. Revenue fell by 11.3% to 1.58 trillion [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]