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Games & Commerce

NCSoft still undervalued despite earnings rebound; spotlight on Aion2 global launch

NCSoft is expected to extend earnings improvement in the second quarter on the back of Lineage Classic’s strong performance, wider direct payments and consolidation of JustPlay, analysts say. The market consensus calls for 681.2 billion won in revenue and 129.4 billion won in operating profit. Despite the rebound, securities firms put its forward 12-month PER at around 11. Investors are focused on whether Aion2’s September global release will prompt a valuation re-rating.

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

NCSoft\'s Lineage2M officially launches in China, tops Apple App Store popularity ranking

NCSoft\'s massively multiplayer online role-playing game Lineage2M has officially entered the Chinese market and is showing early momentum. NCSoft said the China service began in earnest at 9 a.m. on June 24 through local publisher Tencent Games. The local service name is “Tiantang 2: Mengyue” (天堂2: 盟約). The game reached No. 1 on the local Apple App Store popularity ranking shortly after launch.