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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

Korea Creative Content Agency\'s new head Kim Yun-ji begins three-year term

Korea Creative Content Agency said its new president, Kim Yun-ji (김윤지), held an inauguration ceremony on June 15 at its headquarters in Naju, South Jeolla Province, and began work. Her three-year term runs until June 11, 2029. Kim, described as a content industry expert, previously worked as a senior researcher at the Export-Import Bank of Korea’s Overseas Economic Research Institute. She outlined priorities including IP value creation, strategic support from an export-policy perspective and proactive responses to AI and other advanced technologies.