Games & Commerce

Korean game makers diversify growth beyond mobile MMORPGs to PC, console and overseas

South Korean game makers are expanding growth beyond mobile MMORPGs into overseas markets, PC and console, and casual genres. Pearl Abyss and Krafton posted sharp gains as global PC and console titles lifted sales. Netmarble, NC and Nexon added overseas, platform and genre revenues while maintaining core franchises. Kakao Games and Devsisters pursued diversification but reported quarterly losses, highlighting that rising sales do not automatically translate into higher profit.

Games & Commerce

Neowiz Q2 operating profit falls 57 percent, appoints co-CEO to boost new titles

Neowiz said second-quarter revenue under K-IFRS fell 7 percent from a year earlier to 102.1 billion won and operating profit dropped 57 percent to 7.9 billion won. Net profit was 18.4 billion won, reflecting gains from revaluation of financial assets. The company appointed Park Sung-jun as co-CEO and will run around three groups focused on new development, global business and live games.