Money July 6, 2018 94% of Google Play revenue in South Korea comes from games Amazing Korea. Here, user spending on Google Play games is not 70-80%, but as much as 94.4%. Such data was provided by the local analytical company WiseApp.
Money June 21, 2018 Lineage M earned $1.2 billion in the first year The revenues of the mobile role-playing MMO game Lineage M from South Korean NCsoft exceeded $ 1.2 billion in the first year of its existence. This is reported by the business publication The Investor.
Industry May 29, 2018 PUBG Corp. sued Epic Games over similarities between PUBG and Fortnite The creators of PLAYERUNKNOWN’S BATTLEGROUNDS have filed a lawsuit against Epic Games. South Korean studio PUBG Corp. accuses the authors of Fortnite of encroaching on their intellectual property — they believe that Fortnite Battle Royale is too similar to PUBG.
Money May 16, 2018 The quarterly profit of the creators of Lineage increased by 585% Korean developer and publisher of online games NCsoft reported for the 1st quarter of 2018. During this period, the company’s revenues increased by 98% compared to last year, and profits increased by as much as 585%.
Industry May 14, 2018 Netmarble’s quarterly revenue fell by 26% due to lower sales and delayed releases Korean publisher Netmarble reported for the 1st quarter of 2018. According to its results, the company’s revenues and profits have significantly decreased compared to last year. Netmarble explained this by slowing down game sales and delays in the release of new titles.
Industry April 20, 2018 The creators of CrossFire decided to close the Berlin office a year later Korean gaming company SmileGate announced a plan to liquidate a branch in Berlin. It opened last February and has been in operation for a little over a year. SmileGate explained their decision by restructuring the business.
Industry April 17, 2018 The Antimonopoly Authority of Korea suspected Google of harassing local developers The Fair Trade Commission (FTC) of the South Korean government has launched an investigation into Google. The reason was complaints that an American corporation is forcing local mobile developers to sell their games only through Google Play.
Industry April 12, 2018 Media: China boycotts Korean online games The Chinese authorities have announced an unofficial boycott of online video games from South Korean studios. This point of view is stated in the largest Korean newspaper “Joseon Ilbo”. According to the journalists of the weekly, the decision of the Chinese administration is political in nature.
Industry April 10, 2018 Korean authorities fined Nexon $875 thousand for loot boxes The State Fair Trade Commission (KFTC) of South Korea imposed a fine of $875 thousand on the Nexon gaming company for selling loot boxes. The department considered that the publisher misled the players about their chances of finding a particular reward in the loot chest.
Money April 5, 2018 Netmarble invested $190 million in music label shares Major South Korean publisher Netmarble bought a 25.71% stake in local record label Big Hit Entertainment (BHE) for $190 million. Thanks to the deal, Netmarble became the second largest shareholder of the music company.
Money March 8, 2018 Lineage 2: Revolution earned almost $1 billion in 11 months The mobile role-playing MMO Lineage 2: Revolution by the South Korean publisher Netmarble generated $924 million in the first 11 months after launch. The game earned most of this amount on the local market.
Money February 16, 2018 Kakao Games received $130 million of investment from partners The South Korean media company Kakao has raised $130 million to develop its gaming division Kakao Games. About $100 million of this amount was invested by the Chinese corporation Tencent and the Korean mobile publisher Netmarble.
Games November 15, 2017 The world release of Lineage 2: Revolution took place One of the highest-grossing mobile games of 2017 has finally become available outside of Asia. Lineage 2: Revolution has appeared in mobile stores in 54 countries, including Russia and the USA.
Money November 13, 2017 Summoners War, Baseball and Golf earned $112.8 million for Com2uS South Korean mobile developer and publisher Com2uS earned $112.8 million in Q3 2017. The company’s main source of revenue remained the Summoners War buttler, as well as MLB 9 Innings 17 and Golf Star sports games.
Industry November 9, 2017 Tencent does not abandon plans to buy Bluehole The Chinese corporation Tencent has not abandoned its intentions to purchase Bluehole, which created the phenomenally successful PvP shooter PLAYERUNKNOWN’S BATTLEGROUNDS.
Money September 28, 2017 Bloomberg: PUBG developers are worth $4.6 billion In three months, the cost of Bluehole Studios, which released PlayerUnknown’s Battlegrounds (PUBG), has increased fivefold. Today, the company could be worth $4.6 billion.
Games August 17, 2017 Black Desert is going to be made a mobile game Korean studio Pearl Abyss for the first time showed a gameplay teaser of the mobile role-playing MMO Black Desert Mobile, which can become a competitor to Lineage M from NCsoft.
Money August 10, 2017 Battler Summoners War earned $1 Billion in Three Years The list of billionaire games has been replenished. The elite club includes Summoners War, a game from the Korean developer Com2uS.
Money August 8, 2017 The success of Lineage M did not save NCsoft from falling profits The popularity and revenue of the mobile role-playing MMO Lineage M did not help the Korean publisher NCsoft cope with a 66% decrease in the company’s profit in the second quarter of this year.
Industry May 16, 2017 Crossfire developer is looking for partners in the West The South Korean company Smilegate is looking for developers in the United States and Europe to expand its business in the Western video game market and promote the Crossfire shooter.