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Games & Commerce

Webzen Q1 operating profit falls 39.6 percent, seeks rebound through genre diversification

Webzen said on Monday its first-quarter operating profit fell 39.6 percent from a year earlier to 5.3 billion won, while revenue slipped 5.2 percent to 39.3 billion won. Net profit rose 596.2 percent to 8.8 billion won, reflecting a base effect from weak results a year earlier. The company cited a sharp contraction in the domestic game market, while overseas revenue held up and accounted for 51 percent of sales. It is developing multiple new games.

Games & Commerce

South Korea\'s top court rules Webzen unpaid wage rise and incentives for union branch head was unfair labor practice

South Korea’s Supreme Court upheld lower court rulings that Webzen’s failure to pay a union branch head agreed wage increases and incentives was an unfair labor practice. The dispute began with a 2023 relief petition and went through the local and central labor commissions, an administrative court and a high court. The court rejected Webzen’s appeal in a unanimous decision. The union criticised the lack of dialogue, while Webzen said it would comply.

Games & Commerce

Webzen launches indie game Memoris on Steam and Epic Games Store

Webzen launched indie game \"Memoris: Forsaken by Light\" on global game platforms Steam and the Epic Games Store on April 28. The turn-based strategy RPG was developed by South Korean game studio Black Anchor and is published by Webzen. After early access in October 2023, the company overhauled combat and progression systems based on player feedback. The full version expands the main quest and adds four new characters.