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 [...]
SEOUL, Jan. 3 (Korea Bizwire) — The founder of South Korea’s major online game publisher Nexon Co. is poised to sell a controlling stake in the firm’s holding company, industry observers said Thursday. Kim Jung-ju is offering a combined 98.64 percent stake worth 6 trillion won (US$5.32 billion) in Nexon’s holding firm NXC Corp. and [...]
SEOUL, Sept. 3 (Korea Bizwire) — Online gaming giant Nexon Korea Co. launched a labor union on Monday, a first for a game service provider in South Korea. “The establishment of the Nexon union will act as a tow truck to improve labor conditions in the gaming industry as a whole,” the union said in [...]
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 [...]
SEOUL, March 8 (Korea Bizwire) — In an industry where the average age falls somewhere around 33, and 30 percent are women, leading gaming companies are taking strides to foster a more family friendly workplace. Those in the industry point out that Nexon has since last year been carrying out a “Happy Mom” in-house policy, [...]
SEOUL, Jan. 15 (Korea Bizwire) — South Korean game makers Nexon and Netmarble posted record-breaking annual sales figure of over 2 trillion won last year, confirming the steady growth of the country’s video game industry. According to sources close to the stock market on Sunday, the sales figures of the two leading South Korean game companies [...]
SEOUL, Jan. 2 (Korea Bizwire) — NCsoft, one of South Korea’s top game developers, is set to introduce a flexible working hours policy that has industry watchers hopeful a positive change is coming to the infamous working conditions — described as “murderous” — in the gaming industry. The company revealed on the first day of [...]