Search results for Shift Up
Games & Commerce
Small game developers in South Korea falter as weak launches shake survival model
Warning signs are mounting for small and midsize game developers in South Korea, with setbacks ranging from PixelTribe’s shutdown and bankruptcy to CloverGames’ corporate bankruptcy filing and a publishing dispute between Hound13 and Webzen. The cases share a fragile business model in which early monetisation failures quickly trigger reduced operations, cash squeezes and staff departures. A tougher funding climate, higher fixed labour costs and widening AI-driven productivity gaps with large developers are also adding pressure.
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.
Games & Commerce
Shift Up acquires 100 percent stake in Japan game developer Unbound
Shift Up said on Tuesday it has completed the acquisition of all shares in Japanese game developer Unbound Inc. Unbound is a PC and console game studio involving developers led by CEO Shinji Mikami, who has worked on titles including the Biohazard series, Devil May Cry, the Psycho Break series and Okami. Shift Up said the deal internalises development staff and expands its PC and console pipeline.
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Games & Commerce
Shift Up to cancel 330,000 treasury shares, buy 20 billion won worth
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AI & Enterprise
Shift Up joins \'2026 Hope Ondol Warm Winter\' campaign
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Games & Commerce
Stellar Blade tops Steam hack-and-slash revenue rankings, 6.1 million copies sold
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Games & Commerce
Shift Up gives all staff 5 million won and Apple devices
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Games & Commerce
Big-name IP fuels flood of idle RPGs as value-for-money formula draws attention
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Games & Commerce
Once a golden goose, randomized items now weigh on Korean game industry