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 [...]
SEOUL, Dec. 23 (Korea Bizwire) — South Korean gaming giant Nexon Co. has announced plans to terminate its racing game “KartRider,” launched in 2004, provoking protests from gamers. Some KartRider users on Thursday parked a mobile billboard truck displaying their protests against Nexon’s decision in front of the company’s headquarters in the Seoul suburb of [...]
SEOUL, March 1 (Korea Bizwire) — Kim Jung-ju, the founder of gaming giant Nexon Co., has died, his company said Tuesday. He was 54. NXC Corp., the holding firm of Nexon, said Kim died in the United States late last month. “Please excuse us that we cannot explain in detail as all of his family [...]
SEOUL, Feb. 7 (Korea Bizwire) — Saudi Arabia’s sovereign wealth fund, known as the Public Investment Fund (PIF), has made an equity investment worth about 1 trillion won in South Korean game publisher Nexon Co. Some market watchers interpreted this investment as a sign that Tokyo-listed Nexon’s business potential was recognized by the PIF, which [...]
SEOUL, June 16 (Korea Bizwire) — South Korean gaming giant Nexon Co. is making all-out efforts for the successful launch of a mobile edition of its flagship title “Dungeon & Fighter” in China, industry sources said Tuesday. Neople, a subsidiary under Nexon responsible for the development of the mega-hit game, has recently opened a new [...]
SEOUL, Jun. 2 (Korea Bizwire) — Kakao Corp., Netmarble Corp., and three private equity firms submitted final bids for the parent of South Korean gaming firm Nexon, in possibly one of the biggest gaming deals worldwide, financial sources said Sunday. In an auction that closed on May 31, mobile messaging app Kakao, Korea’s No. 2 [...]