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Search results for Patrick Soderlund

Games & Commerce

Korean game firms reshape leadership as mobile growth formula fades

Major South Korean game companies reshuffled top management and key organisations in the first half of this year, moving in different ways but with similar aims. The changes seek to reduce reliance on a mobile massively multiplayer online role-playing game growth formula and shift business structures toward global markets, PC and console games, and in-house intellectual property. Nexon and Neowiz put development and global capabilities forward, Krafton reshaped publishing leadership, and Kakao Games and Wemade moved amid governance changes.

Games & Commerce

Nexon to end Crazy Arcade service despite record results as profit-floor strategy reaches long-running games

Nexon will end service for its 25-year-old online game Crazy Arcade on Aug. 13 despite posting record results last year. The move follows a profit-floor policy and portfolio review pushed by Patrick Soderlund, head of Nexon’s Japan unit, after he took office in February. Nexon has also ended Bubble Fighter, halted Project EL and shifted Dungeon & Fighter Mobile’s China operations to Tencent. Nexon says it has no additional plans to end other classic IP services for now.

Games & Commerce

Korean games hit console sales, as overseas acquisitions and in-house development pay off

Korean game companies are changing how they make and sell titles as PC and console releases deliver solid sales, moving away from mobile MMORPG and live-service domestic revenue models. Recent hits include Krafton’s Subnautica 2 and Pearl Abyss’ Crimson Desert, alongside Nexon-backed Arc Raiders. The industry is increasingly using overseas studio acquisitions, long development cycles on proprietary engines and Steam-led package sales, while facing rising AAA development costs and post-launch update demands.