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Games & Commerce

Wemade withdraws royalty lawsuit against Actoz Soft, ending Mir dispute

South Korean game company Wemade said on Sunday it has withdrawn a lawsuit seeking royalty payments over The Legend of Mir 2 and 3 against Actoz Soft and Jin Jeon-gi. The company said the move follows completion of royalty settlements between the parties. The dispute centred on profit-sharing for the jointly held intellectual property. The Supreme Court last December finalised an 80 percent share for Wemade and 20 percent for Actoz Soft.

Games & Commerce

Q1 breaks seasonal slowdown but polarisation widens in South Korea game industry

Major South Korean game companies posted sharply diverging first-quarter results despite the sector’s traditional seasonal slowdown. Larger firms with globally successful intellectual property reported record quarterly sales and profit, while companies facing gaps in new releases or weak early demand remained in the red or saw profitability deteriorate. Nexon, Krafton, NCSoft and Pearl Abyss posted strong gains. Kakao Games and Devsisters reported operating losses, and Webzen saw declines.

Games & Commerce

Wemade posts third straight quarterly operating profit, eyes new titles and China to lift profitability

Wemade said on Monday it posted first-quarter revenue of 153.3 billion won, operating profit of 8.5 billion won and net profit of 19.9 billion won, marking a third straight quarter of operating profit since the third quarter of 2025. It said revenue was led by games and boosted by licence income after a royalty dispute over The Legend of Mir 2 in China ended in settlement. Wemade also cited growing blockchain revenue and outlined plans for new game launches, a push into consoles and preparations for China releases.