BUSAN, Nov. 14 (Korea Bizwire) – In a fierce competition for South Korea’s most prestigious gaming award, Netmarble’s mobile game “Solo Leveling: ARISE” clinched the Presidential Prize at the 2024 Korea Game Awards on November 13, marking the company’s biggest success of the year. Based on “Solo Leveling,” a popular Korean cultural export that has garnered [...]
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, Sept. 4 (Korea Bizwire) — Netmarble Corp. continues its “select and focus” program, actively discontinuing unprofitable existing game services. The South Korean game developer and publisher officially announced through its online cafe on Thursday that it will pull the plug on its mobile game ‘Monster Taming’ on Nov. 30, initiating the process of blocking [...]
SEOUL, Oct. 26 (Korea Bizwire) — Kakao Entertainment, an entertainment arm of tech giant Kakao Corp., said Monday it will participate in Metaverse Entertainment, a subsidiary of game developer Netmarble F&C Inc., as a strategic investor. The company will acquire 80,000 new shares for 12 billion won (US$10.2 million) through a third party allotment in [...]
SEOUL, Aug. 2 (Korea Bizwire) — South Korean game developer Netmarble Corp. said Monday it plans to acquire Hong-Kong based social casino game company SpinX Games in a deal estimated at US$2.1 billion. Under the plan, the South Korean company will purchase a 100 percent stake in Cayman Island-based Leonardo Interactive Holdings Ltd., which fully [...]
SEOUL, Sept. 10 (Korea Bizwire) — Netmarble Games, a South Korean mobile game developer and publisher, said Thursday its new highly anticipated mobile game inspired by K-pop boy band sensation BTS will be launched later this month. BTS Universe Story, an interactive mobile game featuring 3-D characters of the seven members, will be available both [...]
SEOUL, Oct. 14 (Korea Bizwire) — Netmarble Corp., South Korea’s top mobile gaming company, said Monday it has been chosen as the preferred bidder to buy Woongjin Coway Co., the country’s largest home appliance rental service provider. Netmarble will acquire a 25.08 percent stake in Woongjin Coway if the deal is completed. Woongjin Group put [...]
SEOUL, Oct. 11 (Korea Bizwire) — The sale of Woongjin Coway Co., South Korea’s largest home appliance rental service provider, has taken a turn after the country’s top mobile gaming company Netmarble Corp. made an unexpected bid, industry insiders said Friday. Netmarble and the U.S. private equity firm Bain Capital were the two final bidders [...]
SEOUL, Jun. 5 (Korea Bizwire) — Netmarble Games, a South Korean mobile game developer and publisher, said Wednesday that its new, highly anticipated mobile game inspired by K-pop boy band sensation BTS will be launched later this month. “BTS World,” a simulation game built around the idea of grooming BTS members to become global superstars, [...]
SEOUL, Apr. 12 (Korea Bizwire) — The big three local game companies are expected to show different performance records for the first quarter this year, with Nexon Korea Co. likely to set a new record in sales and operating profits, industry watchers said Thursday. Nexon was estimated to have tallied around 800 billion won (US$748.01 [...]