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Games & Commerce

NHN and Neowiz hold up in Q1 on web board games

NHN and Neowiz relied on web board games in the first quarter as the impact from major new releases was limited. Payment indicators improved after a change in the regulatory environment, including a higher monthly spending cap for web board games that took effect on Feb. 3. NHN reported rising average revenue per paying user across all web board titles and sharp growth for its Royal Hold\'em game tied to offline tournaments. Neowiz also cited a rebound in ARPPU for its web board games, supporting mobile revenue growth.

Telecommunications & Media

IPTV industry urges easing of fee and terms rules; US Communications Commission says it agrees with direction but needs to pace changes

South Korea\'s IPTV industry urged the Korea Communications Commission to ease regulations on fees, terms and advertising. At a seminar at the National Assembly Members’ Office Building, the head of the Korea IPTV Broadcasting Association called for legislation to pass in the autumn regular session. Speakers said shrinking advertising and production show an industry downturn despite stable subscriber numbers. The commission said it agrees with deregulation and a shift to post regulation, but called for balanced safeguards.

Games & Commerce

NHN shifts game strategy to Japan, targets growth in cloud, payments and defense

NHN is adjusting its game business strategy to target Japan and laid out plans to secure new growth engines in cloud, payments and defense. CEO Jung Woo-jin said the company is preparing a strategy change and pursuing contracts with well-known IPs in Japan and projects under code names. NHN Cloud began operating water-cooled B200 GPUs at its Seoul Yangpyeong region and expects related revenue from the second quarter.