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Games & Commerce

Wemade signs publishing deal with Madngin for new \'Night Crows\' title, targets launch this year

Wemade will unveil a new title using the intellectual property of its hit game \'Night Crows\' within the year. The company said it signed a publishing contract with Madngin and has begun preparations for launch, targeting a global one-build release this year. The new game will be an MMORPG playable on PC and mobile. Wemade also aims to launch the original \'Night Crows\' in China this year.

Games & Commerce

Retail shareholders unite amid weak game stocks, press for meetings and treasury share cancellations

Retail shareholders in South Korea\'s game industry are stepping up collective action as weak share prices persist and calls to boost shareholder value grow. Investors in Pearl Abyss, Devsisters and Wemade have demanded shareholder meetings, buybacks and cancellations of treasury shares, limits on executive pay and disclosure on new game development. Some companies have responded with shareholder return plans, meetings and cost-cutting steps, while broader pressure on the sector is spreading.

Games & Commerce

Wemade posts third straight quarterly operating profit, eyes new titles and China to lift profitability

Wemade said on Monday it posted first-quarter revenue of 153.3 billion won, operating profit of 8.5 billion won and net profit of 19.9 billion won, marking a third straight quarter of operating profit since the third quarter of 2025. It said revenue was led by games and boosted by licence income after a royalty dispute over The Legend of Mir 2 in China ended in settlement. Wemade also cited growing blockchain revenue and outlined plans for new game launches, a push into consoles and preparations for China releases.