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Games & Commerce

Game firms raise bar for new titles as development halts mount

Game companies are raising the threshold for investing in new titles, halting development if commercial prospects fall short even after years of work or public exposure. The trend is extending beyond development to post-launch decisions, as firms reassess whether to keep funding projects based on user numbers and profitability. Rising production and operating costs, multi-platform development and global ambitions are driving the shift, with companies reallocating staff and budgets to projects with higher expected returns.

Games & Commerce

Nexon Games to use Korea Tourism data for \'Woochi The Wayfarer\' backgrounds under MOU

Nexon Games will use South Korean natural and cultural heritage data held by the Korea Tourism Organization to build backgrounds for its new game, \'Woochi The Wayfarer\'. The two sides signed a development-support memorandum of understanding on Sept. 11, Nexon Games said. Under the deal, the tourism body will provide about 70,000 images and about 1,000 videos, including drone footage and content covering sites and landscapes that are difficult to obtain privately.

Games & Commerce

Nexon Games posts 10.5 billion won operating loss in first half on stock compensation cost reversal

Nexon Games posted first-half consolidated revenue of 83.0 billion won and an operating loss of 10.5 billion won, it said in a regulatory filing on Wednesday. Net loss was 13.2 billion won. Revenue fell 8 percent from a year earlier due to the downward stabilisation of some live games. The company said losses narrowed as previously recognised stock-based compensation costs were reversed in the second quarter after awards to executives lapsed for failing to meet conditions.