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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 [...]

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 [...]

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 [...]

Gaming Giant NCSoft Retreats to Core Franchises Amid String of New Game Failures

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,” [...]

NCsoft’s ‘Throne and Liberty’ Makes Global Debut, Climbing Steam Charts

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. [...]

NCSOFT to Begin Global Service of TL in October

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 [...]

NCSOFT to Establish 2 New Firms through Split-off

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 [...]

NCSOFT to Begin Global Service of TL in September

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 [...]