Search results for Patrick Soderlund
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.
Games & Commerce
Red Desert, Aion 2 lift Korean game makers\' first-quarter outlook
Major South Korean game companies are flagging unusual first-quarter earnings improvements, a period typically considered an off-season. Pearl Abyss and NCSOFT are expected to post sharply stronger results from early momentum in new titles Red Desert and Aion 2, respectively. Krafton and Netmarble are seen benefiting from steady performance of existing intellectual property, while Nexon projects double-digit top-line growth based on company guidance.
Games & Commerce
Nexon says no layoffs, 2027 target adjustment is a timeline issue
Nexon on Monday rejected the possibility of workforce cuts during a capital markets briefing in Tokyo and detailed its stance on 2027 targets and cost structure improvements. Chairman Patrick Soderlund said there are no plans for layoffs. CFO Shiro Uemura said the company aims to redeploy staff through pipeline adjustments rather than restructuring. CEO Jung-heon Lee said it wants to maintain project-based incentive pay while applying sharper standards to overall labor costs.
