NHN Entertainment Archives | Page 2 of 2 | Be Korea-savvy

NHN Entertainment’s Answer to Dwindling Profits in Game: Mobile Payment

SEOUL, Sept. 6 (Korea Bizwire) – NHN Entertainment took the first step to enter the e-commerce market in Korea. The game company announced on September 4 that it would purchase 5.1 million shares of Korea Cyber Payment at the cost of 64.19 billion won, or about US$62.7 million. After its paid-in capital increase, the Korean game publisher [...]

Game Companies Report Disappointing Results in 2Q…What’s Going on?

Game Companies Report Disappointing Results in 2Q…What’s Going on?

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 [...]