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Games & Commerce

Q1 breaks seasonal slowdown but polarisation widens in South Korea game industry

Major South Korean game companies posted sharply diverging first-quarter results despite the sector’s traditional seasonal slowdown. Larger firms with globally successful intellectual property reported record quarterly sales and profit, while companies facing gaps in new releases or weak early demand remained in the red or saw profitability deteriorate. Nexon, Krafton, NCSoft and Pearl Abyss posted strong gains. Kakao Games and Devsisters reported operating losses, and Webzen saw declines.

Games & Commerce

Netmarble posts 53.1 billion won Q1 operating profit, to launch five new titles in second half

Netmarble said on Wednesday it posted first-quarter revenue of 651.7 billion won and operating profit of 53.1 billion won, up 4.5 percent and 6.8 percent from a year earlier. EBITDA rose 2.8 percent to 83.9 billion won and net profit jumped 163 percent to 210.9 billion won due to gains from asset sales. Overseas sales accounted for 79 percent of revenue. The company plans new releases in Asia this month and in June, and five new titles in the second half.

Games & Commerce

Netmarble retools \'Kingsroad\' for Asia ahead of PC preview and mobile launch

Netmarble\'s open-world action RPG \'Game of Thrones: Kingsroad\' is set for a PC early release on May 14 and a mobile grand launch on May 21. After about a year of western early access, the company rebuilt its business model, combat system and multiplayer content based on user feedback, creating an Asia version that reworks core systems rather than simple localisation. It removed paid gacha, expanded weapons and added party dungeons, raids and field bosses.