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Games & Commerce

Nexth acquisition of OneStore secures game distribution channel, puts web3 hub shift to the test

Nexth\'s acquisition of OneStore is aimed less at running an app market and more at directly owning a game distribution channel. Nexth decided to buy 20,247,990 OneStore shares for about 62.6 billion won, taking an 89.03% stake. Sellers include SK Square, Naver, Steel No.1 First and Krafton, with some joining as Nexth strategic investors. Nexth plans to add blockchain and AI capabilities to turn OneStore into a game hub, a web3 game store and an AI-native discovery platform, while facing financial and regulatory challenges.

Games & Commerce

Nexters to acquire OneStore, push shift to Web3 game store and AI platform

Nexters will acquire South Korean app market OneStore and shift it into a Web3 and artificial intelligence-based game platform. Nexters decided to buy 20,247,990 OneStore shares, or 89.03 percent, for about 62.6 billion won. Sellers include SK Square, Naver, Steel No.1 First and Krafton. Nexters plans to integrate its full-stack game platform capabilities and pursue a Web3 game store strategy globally, while keeping OneStore’s existing distribution businesses.

Games & Commerce

Webtoon anti-piracy group hails repatriation of illegal pirated comics site operator

A coalition of seven companies including Kakao Entertainment and Naver Webtoon welcomed the repatriation to South Korea of a suspect accused of operating an illegal pirated comics distribution site. The group thanked four government agencies, including the Culture Ministry and the prosecution and police, for sustained investigative and cooperation efforts. It called the repatriation meaningful progress in holding copyright infringements accountable and urged strict punishment and measures to prevent repeat offenses.