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Games & Commerce

KakaoGames to publish PC MMORPG ArcheAge S globally

KakaoGames said on Sunday it has signed a global publishing agreement for ArcheAge S: The Sea of Freedom, a new PC massively multiplayer online role-playing game under development by XL Games. The company said the deal secures all domestic and global service rights for the title. The game is being built for a PC-only platform. KakaoGames and XL Games aim for an official launch next year and plan to step up development, marketing and launch preparations.

Games & Commerce

GTA6 set for November launch, complicating Korean game firms\' second-half calculus

With Rockstar Games\' Grand Theft Auto VI due on Nov. 19 for PlayStation 5 and Xbox Series X|S, Korean game companies face a major variable in second-half planning. Firms with console and PC ambitions may need to rethink launch dates and marketing resources as reviews, streaming and community attention could concentrate on GTA6. Some titles are seen as overlapping in timing, while others may benefit if GTA6 expands console adoption despite limited console share in Korea.

Games & Commerce

Kakao Games launches first shareholder returns under new management, burns 500,000 treasury shares

Kakao Games said on Tuesday it will implement its first shareholder return measures since listing, including cancelling 500,000 treasury shares, introducing a restricted stock unit plan and reducing capital reserves. It will burn 500,000 shares worth about 29.9 billion won on July 15, and use the remaining 354,009 shares for employee RSUs. The company also plans to transfer reduced capital reserves to retained earnings after shareholder approval.