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 [...]
SEOUL, April 7 (Korea Bizwire) — Video game giant NCSOFT Corp. announced that it has filed a civil lawsuit against Kakao Games Corp. and its subsidiary XLGAMES Inc. at the Seoul Central District Court. NCSOFT claimed that Kakao Games’ “ArcheAge WAR,” which was released last month, infringes upon the copyrights of the contents and the [...]
SEOUL, May 14 (Korea Bizwire) — NCSOFT Corp., a major South Korean online and mobile game developer, said Friday its first quarter net income more than doubled from a year earlier, led by strong sales from the latest entry of its popular “Lineage” franchise. It logged a net profit of 168.3 billion won (US$130.6 million) [...]
SEOUL, March. 11 (Korea Bizwire) — Saudi Arabia’s sovereign wealth fund has increased its stake in NCSOFT Corp. to become the second-largest shareholder, according to a regulatory filing Friday. Public Investment Fund (PIF) acquired an additional 563,566 shares of the major South Korean online and mobile game developer for around 290 billion won (US$240 million) [...]
SEOUL, Nov. 11 (Korea Bizwire) — NCSOFT Corp., a major South Korean online and mobile game developer, said Thursday that its net profit fell 34.8 percent in the third quarter from a year earlier due partly to poor performance of its new titles. Net profit stood at 99.5 billion won (US$84.3 million) during the July-September [...]
SEOUL, Nov. 10 (Korea Bizwire) — Lineage 2M, a mobile massively multiplayer online role-playing game (MMORPG), will land in a total of 29 countries next month, South Korean online game maker NCSOFT Corp. said Wednesday. The mobile version of the megahit game Lineage 2 will be simultaneously available on Google’s Android and Apple’s iOS devices [...]
SEOUL, Oct. 8 (Korea Bizwire) — South Korean video game giant NCSOFT Corp., stricken with criticism over newly released game and a plunging share price, is yet again facing a sexual harassment case. An anonymous whistleblower at the company posted on Blind, an anonymous community of employed workers, that “certain individuals notorious for committing sexual [...]
SEOUL, Sept. 13 (Korea Bizwire) — Shares in South Korean video game giant NCSOFT continued to sink Monday on disappointment over its new title “Blade & Soul 2.” NCSOFT’s shares closed at 591,000 won (US$505), down 29.39 percent from Aug. 25, a day before the game’s launch, with 5.4 trillion won cleared from its market [...]