South Korean mobile games developer Netmarble is set to move its US head office to downtown Los Angeles.
The Seoul-based Lineage 2 Revolution developer currently has its North American HQ based in Buena Park, Orange County.
The company already developers and publishes mobile titles in partnership with LA-based companies such as Walt Disney, and its Marvel Entertainment and Lucasfilm subsidiaries.
Netmarble US CEO Simon said the company wants to be “at the centre of the action” in the West as it expands its business in the region.
“We want to be in the centre of the action because Western expansion is a key driver of us expanding our business,” said Netmarble US CEO Simon Sim.
“It makes a lot more sense to be downtown than stay in Orange County.”
Netmarble raised $2.3 billion last year in its initial public offering that valued the company at $12.2 billion. The company aims to use funds raised to fuel mergers and acquisitions as it looks to grow.
Its smash hit mobile MMORPG Lineage 2 Revolution raked in $924 million in its first 11 months of release, with the lion’s share of revenue coming from the publisher’s homeland in South Korea where it generated $176 million in its first month alone.