According to reports from the Korean media, Smilegate has taken over NCsoft in the No.2 spot for gaming revenue for the year 2014. Much of the revenue should derive from CrossFire, still the current No.1 online shooter in China published…
Tencent – Thousands queue to get red packet from company founder
After the week-long Lunar New Year (or Spring Festival) break, Chinese bosses usually give their employees a red packet to signal the starting of work. This is the same for Tencent, which is a majority shareholder of Epic Games, Riot Games,…
NCsoft – Game developer invests in drone maker and finance technology
Recently, it was announced that NCsoft has started diversifying away from its core gaming business. First, it has invested 1.6 billion Korean Won (around 1.35 million USD) in BYROBOT, in a deal struck late last year. BYROBOT has specialized in toy drone production…
NCsoft – Developer teams up with Netmarble to prevent Nexon takeover
NCsoft, facing a possible hostile takeover by Nexon, bought a 9.8% stake in the unlisted Netmarble, worth 380.3 billion Korean Won (USD 345 million) and becomes the fourth largest shareholder. The deal also involves a 700 billion Korean Won (USD…
Daybreak Game Company – Senior figure departs in round of layoffs
Just a week after Sony Online Entertainment was bought over by Columbus Nova and renamed as Daybreak Game Company, the first wave of layoffs was announced. There is currently no confirmed number of layoffs, but among the casualties include long-time EverQuest…
NCsoft – Korean developer announces record revenue for the year of 2014
NCsoft, currently embroiled in a massive “civil war” with its biggest shareholder, Nexon, today announced its financial report for the fourth quarter of 2014 and for the whole year of 2014 as well. Total sales for 2014 increased slightly by…
GAMEVIL – Two mobile games based on Korean MMOs announced
GAMEVIL has signed with game developers DRAGONFLY and Ginno Games to publish two of their PC games on mobile devices. GAMEVIL and DRAGONFLY are working together to publish a mobile version of the MOBA, Kingdom Under Fire Online: Age of…
Nexon vs NCsoft – NCsoft to keep formal response to Nexon private
As the war between Nexon and NCsoft continues, the latter has sent a formal response to Nexon earlier today. This arrives after Nexon’s rather strong-worded public document released last week, which “proposed” NCsoft to make changes to the company structure and…
Nexon vs NCsoft – Official proposal revealed to make NCsoft changes
Following the previous post made, Nexon has officially posted a public notice informing of its proposal to make changes to NCsoft. As the largest share holder of NCsoft with 15.08% shares, Nexon is legally entitled to nominate its own candidates to…
Tencent – Final design for new $300 million global headquarters revealed
Tencent Holdings, most well-known for its Tencent Games department, recently revealed the final design for its new $300 million global headquarters. Situated in Nanshan Hi-Tech Park, Shenzhen, China, the building will occupy a massive 18,650 square meters. Part of the design…
Nexon vs NCsoft – Civil war erupts between two gaming giants in Korea
Nexon, which became NCsoft’s biggest shareholder back in 2012, recently announced that it will participate in the management of NCsoft based on its stake in the company (15.08%), reversing its original decision not to do so. Nexon, stock-listed in Japan, decided…
Angry Birds – China developer obtains development rights for popular IP
While Angry Birds and many of its spawns have been launched in China, this is the first time Rovio Entertainment has allowed a Chinese developer to make games based on the Angry Birds IP. Kalends (also known as Kunlun), has…
NCsoft – Investment in indie mobile studios continue with Araso Pandan
After announcing a massive push for mobile games at G-Star 2014, NCsoft subsequently spent over 700,000 USD purchasing two indie mobile games developer. Earlier today, NCsoft announced the investment of 275,000 USD in yet another indie studio with a focus on mobile…
NCsoft – New President announced for global and western ambitions
Yoon Song-yee, a former Vice President at NCsoft, was recently announced as NCsoft’s new President. She will take responsibility for mapping out the firm’s globalization strategy and management of NC West Holdings, an affiliate in the United States. Yoon is…