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Games & Commerce

KakaoGames posts Q2 operating loss of 23 billion won, seeks rebound by expanding lineup

KakaoGames said on Tuesday it posted an operating loss of 23 billion won in the second quarter, citing stabilising revenue from existing live titles and a lack of new releases. Revenue fell about 35 percent from a year earlier to 75 billion won. The company plans a third-quarter management reshuffle and business overhaul, and will start pre-registrations in August for the mobile MMORPG “Dokkaebi’s World” ahead of an October launch.

Games & Commerce

KakaoGames to develop new title using The Greem Entertainment webtoon IP

KakaoGames said on Monday it will work with webtoon production company The Greem Entertainment to develop new titles using popular webtoon intellectual property. The two companies signed a memorandum of understanding covering game production using the IP and cooperation on global services. KakaoGames secured rights to convert The Greem Entertainment’s comics and webtoon lineup into game content and plans to expand services targeting the global market.

Games & Commerce

KakaoGames to publish Kong Studio\'s \'Guardian Maiden\' globally

KakaoGames said on Monday it has signed a global publishing deal for Kong Studio\'s upcoming title \'Guardian Maiden\'. Under the agreement, KakaoGames secured publishing rights for South Korea and global markets excluding Greater China. The companies plan to prepare the game for an official launch later this year. \'Guardian Maiden\' is a dot-graphics, collectible action role-playing game being developed for mobile and PC.