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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

Wemade\'s Night Crows wins China foreign game licence, paving way for entry

Wemade\'s flagship MMORPG Night Crows has obtained a foreign game licence in China, listed by China\'s National Press and Publication Administration. The approval, dated June 29, covers mobile and client platforms and includes the publisher, operator, permit document number and ISBN. The June list contained eight games, with Night Crows the only title identified as Korean. Wemade is also developing a new IP-based title, Night CrowsW, for global release.

Games & Commerce

Wemade chairman Park Kwan-ho says stake sale aims at bigger market push

Wemade Chairman Park Kwan-ho said a contract to sell all of his stake in the company was a decision to help it make a leap in bigger markets. Wemade said it signed a share purchase agreement for Park’s entire holding, worth about 920 billion won, led by global investment platform NeoPulse. Park said nothing changes immediately and he will continue to lead the company through the transition. He pointed to China and North America and Europe as key markets.