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 [...]
SEOUL, Oct. 23 (Korea Bizwire) – NCSoft, one of South Korea’s largest gaming companies, announced on October 22 a major restructuring that will see it abandon several new intellectual properties (IPs) to refocus on its successful “Lineage” series and other massively multiplayer online role-playing games (MMORPGs). The company will shut down multiple projects, including “Battle Crush,” [...]
SEOUL, Oct. 3 (Korea Bizwire) – NCsoft, the South Korean game developer, has launched its highly anticipated massively multiplayer online role-playing game (MMORPG) “Throne and Liberty” (TL) in collaboration with Amazon Games. The game was released on October 2 across North and South America, Europe, Oceania, and Japan, marking a significant step in NCsoft’s global expansion. [...]
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, Jun. 19 (Korea Bizwire) — South Korean game developer NCSOFT Corp. said Wednesday it will begin global service of its latest game title, Throne and Liberty (TL), in September. The massively multiplayer online role-playing game will be distributed in partnership with Amazon Games first in North and South America, Europe, Australia, New Zealand and [...]
SEOUL, Feb. 29 (Korea Bizwire) – In a groundbreaking move aimed at enhancing operational efficiency in the face of declining profitability, NCSoft, a leading South Korean video game developer, has announced its intention to reduce the compensation limit for its directors for the first time since the company’s inception. The decision, revealed through a notice of [...]
SEOUL, Nov. 29 (Korea Bizwire) — NCSOFT Corp., a major South Korean online and mobile game developer, said Wednesday it has joined hands with Japan-based console game developer Sony Interactive Entertainment (SIE) to expand its global business. NCSOFT CEO Kim Taek-jin and SIE CEO Jim Ryan signed a strategic partnership to strengthen cooperation in the [...]
SEOUL, Aug. 18 (Korea Bizwire) — A Seoul court on Friday sided with NCsoft Corp., one of the country’s leading online game developers, over allegations that a smaller game company had plagiarized its leading game Lineage M. NCsoft Corp. filed the intellectual property suit against the video game developer Webzen in June 2021, claiming it [...]