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Industry

Global ESG focus shifts to governance, South Korean companies face urgent response

The focus of global ESG is shifting rapidly toward corporate governance, as shareholder proposals in the United States increasingly target board structure and capital policy. In South Korea, a series of Commercial Act revisions and mandatory treasury share cancellations are strengthening governance rules and raising pressure on major groups. Some companies are moving early to cancel shares, while others are adding exception clauses or reshaping board structures, prompting warnings of longer-term governance risk premiums.

Games & Commerce

Neowiz selects 5 teams in global indie contest, \'Glass House\' takes top prize

Neowiz said on April 22 it has completed the awards ceremony for its global indie game development contest, Neowiz Indie Quest. The contest ran for about nine months and drew indie teams from South Korea, the United States and China. Glass House took first place, followed by Inari in second. Name of the Will, Hawthorn and Gretel & Hensel were also selected. The five teams shared 165 million won in prize money.

Games & Commerce

Korean game makers seek breakthrough on consoles as mobile growth slows

South Korean game companies are increasingly turning to consoles as growth in mobile games slows. A Korea Creative Content Agency report showed console game exports rose 15.1 percent in 2024 to $213.76 million, the fastest growth among platforms, while PC game exports fell. Recent sales successes, including Pearl Abyss’ Crimson Desert, have reinforced the shift. Companies are expanding multi-platform lineups, though revenue structures and long development cycles pose challenges.