Games & Commerce

Wemade Q2 operating loss 21 billion won narrows from year earlier

Wemade posted an operating loss in the second quarter as mobile game sales fell and a one-off revenue base effect from the previous quarter weighed on results. The company said it reduced the year-on-year loss through cost efficiency. Second-quarter revenue fell 29 percent from the previous quarter and 7 percent from a year earlier. Wemade plans to expand new game launches, including Night Crows W, to drive a performance rebound.

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.