Search results for ArcheAge Chronicles
Games & Commerce
Kakao Games eyes turnaround with management shake-up and new game push ahead of new top shareholder
Kakao Games is moving to replace its management ahead of a change in its largest shareholder from Kakao to an investment vehicle funded by Line Yahoo. The company plans to appoint two internal directors who are expected to become co-CEOs and to name a non-executive director from Petrico Partners. It also outlined five new game releases from the third quarter through year-end as it seeks a turnaround after six consecutive quarterly losses.
Games & Commerce
Kakao Games posts Q1 operating loss of 25.5 billion won, prepares new titles including \'Odin Q\'
Kakao Games posted a first-quarter operating loss of 25.5 billion won as revenue fell due to declining sales from existing live games and a lack of new releases. Quarterly sales came to 82.9 billion won, down 33 percent from a year earlier and 16 percent from the previous quarter. PC online game revenue rose 4 percent to 27.9 billion won, while mobile game revenue fell 43 percent to 55.0 billion won.
Games & Commerce
GTA 6 tsunami, China assault put K-games on the brink in \'fateful year\'
South Korea\'s game industry is bracing for a pivotal 2026 as it faces intensified competition from Rockstar Games\' Grand Theft Auto 6 and an expanding Chinese presence across mobile, PC and console platforms. Korean publishers are accelerating big releases in the first half to avoid GTA 6\'s impact, while others weigh late-year timing. Companies are pinning hopes on higher-quality, well-made titles, including Pearl Abyss\' Crimson Desert.