SEOUL, Feb. 17 (Korea Bizwire) — South Korea’s No. 2 online game developer NCsoft , facing a possible hostile takeover by top player Nexon, joined Tuesday with a smaller local rival to protect its management control, as the dispute is about to reach a boiling point ahead of NCsoft’s crucial shareholders meeting slated for next month. [...]
SEOUL, Jan. 28 (Korea Bizwire) — Nexon, the nation’s No.1 online game brand and the largest shareholder of NC Soft, publicly announced on January 27 that it will participate in the management of the latter company, a change from its previously held position as a simple shareholder. Nexon became the controlling stakeholder of NC Soft [...]
SEOUL, Nov. 22 (Korea Bizwire) – At the ongoing global game exhibition G-Star in Busan’s BEXCO, mobile games are emerging as a new growth engine in the gaming industry. Although the main booths of the exhibition hall showcase blockbuster online PC games, mobile games, despite their lack of mainstream status, are increasingly gaining prominence. NCSoft, [...]
SEOUL, Oct. 25 (Korea Bizwire) – Korea’s major game developer and publisher Nexon said on October 24 that it has begun a global service of its MMORPG “Legion of Heroes” in North America and Europe. The game was launched on the same day on Google Play. For more successful global concurrent promotion of the game, [...]
SEOUL, Aug. 11 (Korea Bizwire) — Korea’s online game companies posted disappointing results for the second quarter. NHN Entertainment (formerly Hangame) said on August 7 it recorded an operating loss of 7.3 billion won(US$7.08 million) for the quarter. This is the first quarterly loss for the company since its founding as a gaming division of Naver in [...]
SEOUL, July 16 (Korea Bizwire) – Nexon, Korea leading game developer, strengthened the partnership with mobile game maker Neptune by making a strategic investment. With the investment made on July 14, Nexon could gain the global publication rights of sports simulation games developed by Neptune. Neptune, founded by former NHN Hangame CEO Chung Wook, is a [...]
LOS ANGELES & VANCOUVER, British Columbia, June 25, 2014 (Korea Bizwire)–Nexon America today announced it has entered into a publishing agreement with United Front Games, the Vancouver-based independent development studio behind the highly successful open-world action-adventure game Sleeping Dogs. Under the terms of the agreement, Nexon America will serve as the exclusive publisher for [...]
TOKYO, May 27 (Korea Bizwire) — NEXON Co., Ltd. (“Nexon”) (3659.TO), a worldwide leader in free-to-play online games, announced a strategic relationship with Socialspiel Entertainment GmbH (“Socialspiel”), a Vienna-based social and mobile game development studio. Led by industry veterans Mike Borras and Helmut Hutterer, Socialspiel is a highly-acclaimed European game development studio focused on high-quality, [...]
SEOUL, May 22 (Korea Bizwire) – Korea’s leading game companies are changing the direction of the business from game development to game publishing. As large game companies focus more on supporting smaller game developers or fostering subsidiaries, the games developed on their own are beginning to represent a rapidly decreasing share of total revenue. WeMade [...]
SEOUL, May 19 (Korea Bizwire) - Korea’s major game company Nexon recently launched a TV commercial introducing FIFA Online 3 Update that includes the legendary players in the 2002 World Cup Games. The latest episode featured Park Ji-Sung, the Korean footballer who just announced his retirement, following one featuring Ahn Jung-Hwan, another Korean player who [...]