SEOUL, Nov. 25 (Korea Bizwire) — Chang Hyun-guk, CEO of Korean game publisher Wemade Co., said Friday that he will take legal action against the recent decision to delist its cryptocurrency Wemix from major crypto exchanges in South Korea. The move came a day after the Digital Asset eXchange Association — an alliance formed by [...]
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, 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 15 (Korea Bizwire) – Korean game companies are eyeing the Chinese market as they experience a limited growth in the domestic market due to cutthroat competition. The volume of the Chinese mobile game market is estimated to reach about 3.9 trillion won (23 billion yuan) this year, an 80-percent increase from 1.85 trillion [...]