SEOUL, Aug. 15 (Korea Bizwire) — South Korea’s leading game studios lavished record pay packages on star developers in the first half of 2025, with several earning more than their own chief executives and even controlling shareholders. According to semiannual filings released August 14, Krafton’s PUBG: Battlegrounds executive producer Jang Tae-seok topped the list, taking [...]
SEOUL, August 5 (Korea Bizwire) — Nexon, one of South Korea’s leading game developers, is dismantling its subsidiary Nitro Studio after announcing the shutdown of KartRider: Drift just two years after launch. The move marks the end of a high-profile effort to modernize one of the company’s most iconic franchises. According to industry sources on [...]
SEOUL, June 17 (Korea Bizwire) — The Korea Game Society issued a strongly worded statement on Monday, condemning reports of a potential takeover bid by Chinese tech giant Tencent for South Korean gaming powerhouse Nexon, framing the move as a threat to national industrial sovereignty rather than a routine business transaction. Describing the reported acquisition [...]
SEOUL, March 25 (Korea Bizwire) — Nexon is preparing to make a bold push into Western markets with First Berserker: Khazan, a hardcore action RPG for PC and consoles developed by its subsidiary Neople. The game, slated for release on March 28, is a key pillar in Nexon’s strategy to extend the beloved Dungeon & [...]
SEOUL, Feb. 18 (Korea Bizwire) — A South Korean court has ordered Iron Mace, a startup game developer, to pay 8.5 billion won to gaming giant Nexon in a trade secrets case that hinged on whether game design concepts and rules developed at a company constitute protected business secrets. The Seoul Central District Court ruled on [...]
SEOUL, Jan. 24 (Korea Bizwire) — Hyundai Motor Co. said Friday it has partnered with Nexon Co. for a special collaboration event in the popular mobile racing game KartRider Rush+. As part of the event, players can experience virtual versions of Hyundai’s latest electric vehicles (EVs), such as the Ioniq 9, the company’s first large [...]
SEOUL, Jan. 20 (Korea Bizwire) — Samsung Electronics has announced a strategic partnership with Nexon Korea and its subsidiary Neople to develop cutting-edge 3D gaming technology that doesn’t require special glasses, the company said on January 19. The collaboration centers on optimizing Nexon’s upcoming game “First Berserker: Khazan” for Samsung’s Odyssey 3D gaming monitor. The partnership [...]
SEOUL, Dec. 18 (Korea Bizwire) – Nexon and Ironmace, embroiled in a three-year legal battle over the copyright of Dark and Darker, faced off during the first witness hearings at the Seoul Central District Court on December 17. The proceedings centered on the development history of Nexon’s shelved Project P3 and its alleged similarities to [...]
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 [...]
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 [...]