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Games & Commerce

Nexon to end Crazy Arcade service despite record results as profit-floor strategy reaches long-running games

Nexon will end service for its 25-year-old online game Crazy Arcade on Aug. 13 despite posting record results last year. The move follows a profit-floor policy and portfolio review pushed by Patrick Soderlund, head of Nexon’s Japan unit, after he took office in February. Nexon has also ended Bubble Fighter, halted Project EL and shifted Dungeon & Fighter Mobile’s China operations to Tencent. Nexon says it has no additional plans to end other classic IP services for now.

Games & Commerce

From Kakao to Line Yahoo: KakaoGames launches new management setup

KakaoGames has launched a co-CEO management structure as it accelerates a shift to a Line Yahoo-led setup following a change in its top shareholder. Shareholders approved the appointment of Kim Tae-hwan and Lee Si-woo as inside directors, and the board later named them co-CEOs. The company said 300 billion won in new funds flowed in through a share sale and convertible bonds. Key tasks include detailing Line Yahoo synergies and delivering results from new game launches in the second half.

Games & Commerce

One in five new Steam games uses AI, lowering development barrier but raising trust hurdle

AI is spreading across game development, lowering production barriers, but user backlash when AI use is revealed is creating new hurdles around disclosure, review and trust, an analysis said. SteamDB data showed 1,704 of 8,700 titles in Steam Next Fest carried a generative AI tag. Korean game companies are adopting generative AI widely, including across entire firms. Still, disputes over AI use and job insecurity concerns are growing.