SEOUL, Oct. 21 (Korea Bizwire) – Hyundai Motor Company’s high-performance division, Hyundai N, is making a bold move into the world of e-sports with the announcement of its global virtual racing competition, the Hyundai N Virtual Cup. The announcement came on October 20 at the ADAC Sim Racing Expo in Dortmund, Germany, marking a significant step [...]
SEOUL, Oct. 3 (Korea Bizwire) – NCsoft, the South Korean game developer, has launched its highly anticipated massively multiplayer online role-playing game (MMORPG) “Throne and Liberty” (TL) in collaboration with Amazon Games. The game was released on October 2 across North and South America, Europe, Oceania, and Japan, marking a significant step in NCsoft’s global expansion. [...]
SEOUL, Sept. 23 (Korea Bizwire) – In a groundbreaking decision, Nexon Korea has agreed to compensate 800,000 players of its popular game MapleStory with 21.9 billion won worth of Nexon Cash, the company’s virtual currency that can be converted to real money. This compensation comes in response to allegations that the company manipulated probabilities for in-game [...]
SEOUL, Sept.16 (Korea Bizwire) – In a country once renowned for its vibrant PC gaming culture, South Korea’s internet cafes, known locally as PC bangs (PC rooms), are rapidly disappearing from the urban landscape. These establishments, which once served as sanctuaries for youth seeking refuge from family gatherings or adult supervision, are now falling victim to [...]
SEOUL, Sept. 13 (Korea Bizwire) – A recent study has revealed that 27 non-owning executives of South Korean companies with market capitalizations exceeding 2 trillion won hold stock wealth valued at over 10 billion won each, highlighting a growing trend of wealth accumulation among professional managers in the country’s booming tech sector. The Korea CXO Institute, [...]
SEOUL, Sept. 12 (Korea Bizwire) – Krafton, the South Korean video game powerhouse behind global hit “PlayerUnknown’s Battlegrounds,” is making a significant pivot into the rapidly growing short-form drama market, signaling a major diversification effort for the company. On September 11, Krafton announced a 120 billion won equity investment in Spoonlabs, a company known for its [...]
SEOUL, Sept. 3 (Korea Bizwire) – South Korean gaming giant Nexon Co. said Tuesday it aims to raise annual sales to 750 billion yen (US$5.1 billion) by 2027 by diversifying its blockbuster titles across various platforms in the global market. During a capital markets briefing held in Tokyo, Nexon CEO Lee Jung-hun outlined its growth [...]
SEOUL, Aug. 19 (Korea Bizwire) — South Korean game developer NCSOFT Corp. said Monday it will begin global service of its new game title, Throne and Liberty (TL), in partnership with Amazon Games in October. NCSOFT initially planned to start the global service Sept. 17 but shifted the launch date to Oct. 1 to better [...]
SEOUL, Aug. 14 (Korea Bizwire) — NCSOFT Corp., a South Korean gaming giant, said Wednesday it has decided to launch two new companies through a split-off as part of its efforts to increase competitiveness and tackle its management crisis. NCSOFT made the decision to separate its quality assurance service unit, NCQA, and software developing business [...]
SEOUL, Aug. 12 (Korea Bizwire) — Krafton Inc., a South Korean game firm, said Monday it has acquired Tokyo-based game studio Tango Gameworks. Krafton said it will absorb Tango Gameworks’ developers and the rights to its acclaimed rhythm action combat game Hi-Fi RUSH, according to the Korean company. “This integration reinforces Krafton’s dedication to [...]