In April last year, we first introduced everyone to a new and promising Korean studio, Carbon Eyed, which was formed by a former CEO of Eyedentity Games in 2014. Today, it was announced that Nexon has made a strategic investment in…
South Korea
Game news from South Korea
Netmarble Games – More valuable than Nexon and NCsoft after IPO
Netmarble Games launched its IPO in its native South Korea last Friday, and with a market cap of USD 12.2 billion, the mobile games publisher and developer is now more valuable than NCsoft (USD 6.8 billion) and even LG Electronics (USD…
Lineage Eternal – NCsoft replaces the leadership of development team
During the conference call to announce its latest financial results, the Chief Financial Officer of NCsoft revealed that the company has changed the leadership of the Lineage Eternal development team. This decision came after the Closed Beta of Lineage Eternal…
League of Legends – Game tutoring is a booming business in South Korea
According to the Chinese edition of Korean news outlet Aju News, there are now home tuition services to help students get better in League of Legends, with each session costing from 5,000 to 200,000 Korean Won an hour. The report claimed that…
Netmarble – Game developer aims to raise USD 2.4 billion in IPO offering
South Korea’s biggest mobile games developer and the world’s ninth-largest game publisher in terms of in-app revenue, Netmarble Games, today announced plans to raise as much as 2.66 trillion won (USD 2.4 billion) in an initial public offering (IPO). It…
Project Knock – Dungeon & Fighter sequel is powered by Unreal Engine
Back in February, Nexon Korea posted 3 positions for Project Knock, which is the codename for the the sequel to Dungeon & Fighter (or Dungeon Fighter Online). The 3 positions are namely Server/ Client Programmer, Game Artist, and Project Manager, with…
NAT Games – HIT studio reveals new corporate identity and growth plan
With plenty of investments, including from Nexon, Korean developer NAT Games today revealed a new corporate identity to the public. Gaining global fame for its popular mobile game, Heroes of Incredible Tales (HIT), the triangles’ 3 points refer to the…
Black Desert – New martial arts class announced at Oasis Festival event
At the Oasis Festival media event held today, several new content in the works for Black Desert. The most prominent would be the new class, simply known as Striker. The Striker is a class who marries both classical martial arts…
XLGAMES – ArcheAge developer receives investment from gaming giant
I would call WeMade Entertainment a slumbering giant, as it is still far behind Nexon and Netmarble. But still, the Korean publisher and developer is one of the top gaming companies in the country. After recently selling USD 178 million…
Eyedentity Entertainment – Dragon Nest studio changes corporate name
Ever since Dragon Nest developer Eyedentity Games was bought over by China-based Shanda Game, it seemed to me that the Dragon Nest IP has fallen from the top of the world due to questionable business decisions. Changing to Eyedentity Mobile…
Fincon – Hello Hero developer nabs new investment for global push
Hello Hero is one of the first game which I encountered having the Facebook web and the mobile versions sharing the same server (cross-platform). I am still wondering why this is not a trend these days. Nevertheless, South Korean developer…
Neowiz – Korean developer and publisher re-brands corporate name
Neowiz Games, celebrating its 10th anniversary, announced a change to its corporate name. Henceforth, Neowiz Games, Neowiz Internet, and Neowiz Investment are known as Neowiz. Once a Korean gaming powerhouse, Neowiz has fallen far behind its domestic rivals in recent years. The…
MU Legend – Webzen launches Korean server to much fanfare
Webzen, a global publisher and developer of games, today announced the official launch of the highly-anticipated PC MMORPG, MU Legend, in South Korea. The sequel to the global phenomenon MU Online, MU Legend features fluid and impactful hack n’ slash…
Nexon Red – Studio rebrands to prepare for upcoming game launch
Formerly known as Well Games, the indie Korean developer was bought over by Nexon GT (itself a subsidiary of Nexon) in May 2016. Its only mobile game, Special Soldier, was one of the top mobile games in its native South…