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. 23 (Korea Bizwire) – In a groundbreaking decision, Nexon Korea has agreed to compensate 800,000 players of its popular game MapleStory with 21.9 billion won worth of Nexon Cash, the company’s virtual currency that can be converted to real money. This compensation comes in response to allegations that the company manipulated probabilities for in-game [...]
SEJONG, Sept. 12 (Korea Bizwire) – The family of the late Kim Jung-ju, founder of the gaming giant Nexon, has completed the payment of their inheritance tax, estimated at over 5 trillion won, drawing attention to its potential impact on South Korea’s tax revenue. However, the actual cash contribution to the national coffers is expected to [...]
SEOUL, Sept. 3 (Korea Bizwire) – South Korean gaming giant Nexon Co. said Tuesday it aims to raise annual sales to 750 billion yen (US$5.1 billion) by 2027 by diversifying its blockbuster titles across various platforms in the global market. During a capital markets briefing held in Tokyo, Nexon CEO Lee Jung-hun outlined its growth [...]
SEOUL, Jul. 5 (Korea Bizwire) – Nexon, a leading South Korean game developer, is ramping up efforts to launch its blockchain-based game MapleStory N, which has been in development since 2022. The company has begun recruiting testers, signaling a move towards the game’s official release. According to industry sources on July 4, NexSpace, a Nexon subsidiary, [...]
SEOUL, Mar. 11 (Korea Bizwire) –Nexon Korea has initiated legal action against the Fair Trade Commission (FTC), challenging the sanctions imposed by the regulator over its sale of random-chance items in the popular online game MapleStory. The FTC had previously issued a corrective order and imposed a fine of approximately 11.6 billion won ($9.7 million) [...]
SEOUL, Jan. 3 (Korea Bizwire) — The antitrust regulator said Wednesday it has decided to fine Nexon Korea Corp. 11.6 billion won (US$8.85 million) for alleged deceptive business activity against game users regarding in-game items. The game giant was accused of changing the probability of randomized items for its hit titles of “MapleStory” and “Bubble [...]
SEOUL, Dec. 2 (Korea Bizwire) –In a recent episode of online drama, a promotional video for the popular game ‘MapleStory’ found itself in the crosshairs of male-centric communities, with many branding it as a symbol of misandry. However, as the details unfolded, it was revealed that the artist behind the controversial illustration that included a [...]
SEOUL, Nov. 2 (Korea Bizwire) – The Nintendo Switch is rapidly establishing itself as a prominent platform within the Korean video game industry, positioning itself to significantly impact the global gaming market. One compelling example of this trend is the success of “Dave the Diver,” a marine adventure game developed by Nexon, which made its debut [...]
SEOUL, June 28 (Korea Bizwire) — South Korea’s online gaming giant Nexon Co. said Tuesday it will showcase “KartRider,” a game that ceased its domestic service in March, as part of its game archive exhibition project. The Nexon Computer Museum, located on the southern resort island of Jeju, has been displaying seven discontinued and unreleased [...]