Search results for Ocean Drive Studio
Games & Commerce
Kakao Games eyes turnaround with management shake-up and new game push ahead of new top shareholder
Kakao Games is moving to replace its management ahead of a change in its largest shareholder from Kakao to an investment vehicle funded by Line Yahoo. The company plans to appoint two internal directors who are expected to become co-CEOs and to name a non-executive director from Petrico Partners. It also outlined five new game releases from the third quarter through year-end as it seeks a turnaround after six consecutive quarterly losses.
Games & Commerce
KakaoGames seeks turnaround with seven new titles, expands beyond mobile to PC and consoles
KakaoGames plans to pursue a turnaround with a two-track strategy of rolling out 7 new games from this year through next year while continuing to operate its existing live-service titles. Its new lineup aims to move beyond a mobile-focused structure by expanding to PC and console platforms and increasing its focus on global markets. The company also plans to sustain launch momentum on the back of stable revenue from live games and regular updates.
Games & Commerce
Korean game makers seek breakthrough on consoles as mobile growth slows
South Korean game companies are increasingly turning to consoles as growth in mobile games slows. A Korea Creative Content Agency report showed console game exports rose 15.1 percent in 2024 to $213.76 million, the fastest growth among platforms, while PC game exports fell. Recent sales successes, including Pearl Abyss’ Crimson Desert, have reinforced the shift. Companies are expanding multi-platform lineups, though revenue structures and long development cycles pose challenges.
