Search results for Kingnet
Games & Commerce
Wemade posts third straight quarterly operating profit, eyes new titles and China to lift profitability
Wemade said on Monday it posted first-quarter revenue of 153.3 billion won, operating profit of 8.5 billion won and net profit of 19.9 billion won, marking a third straight quarter of operating profit since the third quarter of 2025. It said revenue was led by games and boosted by licence income after a royalty dispute over The Legend of Mir 2 in China ended in settlement. Wemade also cited growing blockchain revenue and outlined plans for new game launches, a push into consoles and preparations for China releases.
Games & Commerce
Wemade posts Q1 operating profit of 8.5 billion won, returns to profit
Wemade said on Monday it returned to profit in the first quarter, supported by stronger licence and blockchain businesses. Revenue rose 8 percent from a year earlier to 153.3 billion won. It posted an operating profit of 8.5 billion won and net profit of 19.9 billion won, swinging to profit from a year earlier. The company is preparing about 20 new titles and plans blockchain ecosystem expansion.
Games & Commerce
Wemade ends Mir IP dispute with Kingnet, receives 43 billion won settlement
Wemade said on April 29 it has ended a dispute with China’s Kingnet over unpaid royalties related to the intellectual property of The Legend of Mir 2 through a settlement agreement. Wemade said it received about 43 billion won in settlement money from Kingnet. The company agreed to withdraw related arbitration and litigation procedures underway in South Korea, China and Singapore to reduce risks from a prolonged dispute and pursue its IP business stably.
