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Games & Commerce
NHN shifts game strategy to Japan, targets growth in cloud, payments and defense
NHN is adjusting its game business strategy to target Japan and laid out plans to secure new growth engines in cloud, payments and defense. CEO Jung Woo-jin said the company is preparing a strategy change and pursuing contracts with well-known IPs in Japan and projects under code names. NHN Cloud began operating water-cooled B200 GPUs at its Seoul Yangpyeong region and expects related revenue from the second quarter.
Games & Commerce
NHN Q1 operating profit falls 5 percent on ahead-of-curve AI infrastructure investment
NHN said its first-quarter operating profit fell 5 percent from a year earlier as it reflected costs for upfront investment in artificial intelligence infrastructure, including building AI GPU infrastructure. The company posted a 11.9 percent rise in quarterly sales to 671.4 billion won and operating profit of 26.3 billion won. Revenue rose across payments, games and technology, while NHN also announced a 16.7 billion won share buyback to be fully cancelled.
Games & Commerce
Jeong Woo-jin of NHN set for fourth term after record annual operating profit
NHN will submit an agenda item at its March 26 annual general meeting to reappoint CEO Jeong Woo-jin as an inside director. Jeong has led NHN for 12 years since taking office in 2014. The company posted its highest annual operating results since a split, with revenue rising 2.5 percent to 2.5163 trillion won and operating profit returning to 132.4 billion won. NHN is also preparing six new game launches.
