Games & Commerce
Neowiz Q2 operating profit falls 57 percent, appoints co-CEO to boost new titles
Neowiz said second-quarter revenue under K-IFRS fell 7 percent from a year earlier to 102.1 billion won and operating profit dropped 57 percent to 7.9 billion won. Net profit was 18.4 billion won, reflecting gains from revaluation of financial assets. The company appointed Park Sung-jun as co-CEO and will run around three groups focused on new development, global business and live games.
