Search results for CCP
Games & Commerce
Pearl Abyss posts record quarterly operating profit on \'Red Desert\' success
Pearl Abyss achieved its best quarterly results on the global success of its new title \'Red Desert\'. The company said first-quarter consolidated revenue rose 419.8 percent from a year earlier to 328.5 billion won. Operating profit surged 2,584.8 percent to 212.1 billion won and net profit jumped 2,107.8 percent to 170.0 billion won. Overseas sales accounted for 94 percent of revenue, with North America and Europe making up 81 percent of that total.
Games & Commerce
Pearl Abyss sells entire stake in CCP
Pearl Abyss is selling its entire stake in CCP, a game developer and an overseas subsidiary, to CCP’s current management as it seeks to improve its financial structure and boost management efficiency. The company said its Iceland unit will sell 10,973,763 shares. The disposal value is 177.1 billion won, or 15.4 percent of consolidated assets. The figure includes $100 million in cash and token acquisition rights worth $20 million.
Finance
Korea\'s derivatives market at 30 as trading shifts to overseas and crypto markets
Yoon Sun-jung (윤선중), a professor at Dongguk University, said Korea’s exchange-traded derivatives market faces structural limits and needs regulatory change, citing a sharp drop in trading after 2011 measures raised contract size, margin requirements and mandatory education for retail investors. He said trading shifted to overseas high-risk products and crypto markets. Yoon urged a shift from pre-emptive regulation to tighter monitoring and tougher penalties, easier listings for standardised products and stronger self-regulatory oversight.