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Games & Commerce

Korean game firms reshape leadership as mobile growth formula fades

Major South Korean game companies reshuffled top management and key organisations in the first half of this year, moving in different ways but with similar aims. The changes seek to reduce reliance on a mobile massively multiplayer online role-playing game growth formula and shift business structures toward global markets, PC and console games, and in-house intellectual property. Nexon and Neowiz put development and global capabilities forward, Krafton reshaped publishing leadership, and Kakao Games and Wemade moved amid governance changes.

Games & Commerce

Korean games secure seven China foreign game licenses in first half, boosting earnings hopes

More South Korean games won approvals from the Chinese government in the first half of this year, lifting expectations they will contribute to earnings. China granted foreign game licences to seven Korea-linked titles from January to June, according to the National Press and Publication Administration. Companies are increasingly working with local partners such as Tencent rather than running services directly. Some recently launched Korean games have posted early results in China, though sustained performance will depend on live operations.

Games & Commerce

Nexon to end Crazy Arcade service despite record results as profit-floor strategy reaches long-running games

Nexon will end service for its 25-year-old online game Crazy Arcade on Aug. 13 despite posting record results last year. The move follows a profit-floor policy and portfolio review pushed by Patrick Soderlund, head of Nexon’s Japan unit, after he took office in February. Nexon has also ended Bubble Fighter, halted Project EL and shifted Dungeon & Fighter Mobile’s China operations to Tencent. Nexon says it has no additional plans to end other classic IP services for now.