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AI & Enterprise

Park Se-woong appointed 11th president of ETRI, highlights AI, DX vision

Park Se-woong (박세웅), a professor at Seoul National University, has taken office as the 11th president of the Electronics and Telecommunications Research Institute (ETRI). ETRI held an inauguration ceremony on May 20 at its auditorium. Park presented a vision of opening a warm world through AI and digital transformation innovation. He said ETRI will serve as a full-cycle AI and ICT R&D platform and drive sustainable growth based on human-centred values.

Games & Commerce

Zero tax support for production costs; K-games face neglect despite 60 percent of content exports

South Korea\'s game industry, which accounts for 60.4 percent of the country\'s content exports, has been excluded for years from production cost tax credits that apply to video content and webtoons. The sector is growing slowly, usage rates are falling and small and mid-sized developers are going bankrupt as development costs rise. The Culture Ministry has submitted a proposal to the Finance Ministry, while lawmakers have introduced bills to expand tax credits and adjust related rules for games and e-sports.

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.