Pgc Summit Korea
Tag: South Korea
Pgc Summit Korea
First speakers and tracks revealed for Pocket Gamer Connects Summit Korea
Pgc Summit Korea
Why Korea matters to the global games industry
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Pgc Summit Korea
Unlock new business opportunities in Korea
Come meet the world's fourth biggest games market
Pgc Summit Korea
SAVE up to $200! PGC Summit Korea 2025 Super Early Bird discount ends tonight
Super Early Bird prices end at midnight Thursday, August 28th
Pgc Summit Korea
Save the Date: Pocket Gamer Connects unveils Korea summit later in 2025
Leading B2B games conference arrives in Korea on October 31st
Earnings Report
Netmarble revenue falls to $502m in Q2 despite promising new launches
Seven Knights Re: Birth and RF Online Next were the company’s biggest revenue generators last quarter
No Deal
Tencent denies Nexon acquisition reports
The idea of a Chinese company purchasing South Korea-founded Nexon sparked backlash from the Korea Game Society
M&a
Korean games industry slams Tencent’s Nexon pursuit as threat to national security
It remains uncertain whether NXC is open to selling its Nexon stake
Dungeon Driver
Nexon’s revenue surpasses $780m this Q1 as Dungeon & Fighter Mobile China drives 60% franchise growth
The developer’s operating income increased by 43% YoY, though quarterly profit fell by 27%
Regulations
New South Korean law mandates foreign game companies to appoint domestic representatives
Firms with ₩1 trillion in sales or 100,000 users must comply
New Studio
Virtuos opens new studio in Seoul
The South Korean developer is actively hiring to fill roles in the new office and is open to partnerships
Mabinogi Mobile
Nexon’s Mabinogi Mobile set to release in March 2025
Nexon’s mobile adaptation of the 2004 MMORPG is finally on its way more than four years on from reveal
Market Growth
Xsolla signs MoU to help transform Busan into a global game development hub
Xsolla plans to open an Asia-Pacific HQ to support game developers
Big-form Investment
PUBG developer Krafton invests $89.5m in audio and short-form video streaming firm Spoon Labs
Deal represents publisher's largest investment in a non-gaming company
Profit Power
NCSoft profit bounces back with 59% of revenue on mobile but not all Lineage games are thriving
The dev recorded $51.7 million in net income during Q2 2024, up 133% year-on-year
Collab Cometh
Goddess of Victory: Nikke is delivering its "biggest minigame ever" via Dave the Diver collab
Shift Up’s shooter is going retro with a neew pixel-graphics game mode starting July 4th
Summoner Celebration
Summoners War celebrates 10th anniversary with $3 billion in lifetime revenue
Summoners War first launched in 2014 and has been downloaded over 200 million times since
Financials
Netmarble cuts losses but revenue falls in Q1 after lack of new game releases
Publisher set to launch Raven 2 in May and four more titles during the second half of 2024
Vibrant Victory
Goddess of Victory: Nikke reaches $750 million in 1.5 years
Shift Up is celebrating Goddess of Victory: Nikke’s latest milestone with new characters and free gacha pulls
Web3 Expansion
Nexon expands to UAE with new blockchain game subsidiaries
Publisher establishes Nexon Universe Global and Nexpace in region as it aims to expand blockchain initiatives
Excited Spenders
More games are making millions as player spending on 2023 releases soars
The US, UK, China and other markets all show an increased willingness to spend on new releases
Profitable Performance
Com2Us escaped the red in 2023 despite "negative seasonality"
Com2Us’ financial report reveals a difficult Q4 but overall successful 2023
Promotion Plan
Netmarble plans to appoint vice president Byung Gyu Kim as co-CEO this March
Byung Gyu Kim will rise to the role provided he is met with approval at the upcoming shareholders’ meeting
Debtmarble
Netmarble cuts losses by 90% in Q3 despite revenue decline
Workforce reduction and original IP stem losses, but publisher still has $1.29 billion short-term debts
Korean Market
South Korea’s in-app purchase revenue has reached almost $3.6 billion in the year to date
Sensor Tower's report reveals that revenue remains above pre-pandemic levels, but downloads are down
A Happy Birthday
Goddess of Victory: Nikke celebrates an incredibly lucrative first anniversary
After a year on the market Shift Up’s star performer comes out victorious despite complaints and controversy
Joys Of Japan
Japan’s mobile playerbase spends above and beyond on new mobile games
Diandian’s report shows how much Japanese players are willing to spend on the hottest new games
Loot Box Laws
South Korea to mandate 'probability displays' and investigate blockchain games on Apple and Google stores
Probability displays for card games will function similarly to the incumbent reveals of gacha and loot box odds
Alternative App Stores
PUBG maker Krafton invests $14.8 million in alternate app store One Store
The South Korean store aims to expand in the West and take on big tech
Gaming In Korea
RPGs account for 60% of Korea’s mobile game sales
MMORPG's proved particularly successful, while squad-based RPGs showed strong growth
September Success
China’s top publishers generated $1.96 billion this September
39 out of 100 top publishers were based in China last month
Regulation
Apple and Google could be on the hook for $50.5 million fine in Korea
The KCC has sought remediation after accusing the two companies of anti-competitive practices on mobile
Seven Knights Success
Netmarble strikes back with a sudden surge in share value
Seven Knights Idle Adventure helps turn things around for the developer
Millions And Millions
Brave Nine successor Brown Dust 2 earns $10 million in two months
GempsN and Neowiz’s new game has generated 80% of its revenue in Asia
Bts World
BTS fail to top the mobile charts with BTS World
The K-pop band’s official mobile game is shutting down on December 26
Regulators
South Korean regulators to crack down further on unfair practices by Google
The new judgement follows an already hefty fine from Korean authorities
Strategy
Playstation rumoured to be seeking out partnerships in South Korea
Korea is another major hub for mobile despite speculations it is related to the company’s flagship console
Regulation
South Korean game regulatory agency investigated for corruption
An investigation took place as a result of petition by players of gacha titles affected by unpopular age-rating changes
Legislation
South Korea could enforce an approval system for Chinese games
The Game Industry Promotion Law may soon be amended based on overseas practices
Regulations
Major mobile titles not compliant with South-Korean gacha laws
Mobile games are part of a list of 16 titles not compliant with voluntary guidelines
Releases
TakeOne score major brand-power with the release of the BLACKPINK game
The high-value branding deal allows players to play as the manager of the hit Korean girl band
Data.ai Report
Japan and South Korea lead consumer spend by device in 2022
Data.ai’s State of Mobile Gaming 2023 report analyses the sector’s performance across markets and demographics
Regulations
Mobile game exclusivity triggers $32m fine for Google
Outdated exclusivity practices are cited as stifling competition
Forming A Partnership
WeMade partners with Nine66 to boost reach and develop talent in Saudi Arabia
The partnership represents a commitment to support gaming ecosystems
Racing And Riding
Nexon’s new KartRider game races onto mobile with a Premium Racing Pass for bonus challenges
KartRider: Drift launches simultaneously on PC and mobile
Stakes And Shares
Tencent becomes second-biggest shareholder in South Korean studio Shift Up
20 percent stake in Goddess of Victory: Nikke co-creator acquired
Updates
Netmarble's Ni No Kuni: Cross Worlds sees seasonal holiday update
The mobile spin-off of the Miyazaki-inspired console games now sees a holiday-themed update for the winter period
A New Partnership
WEBZEN signs partners with Crimoons to publish mobile idle RPG ‘Project F’
Project F is an upcoming mobile game with character collection and idle RPG features
South Korea's Gamer Surplus
Newzoo finds three-quarters of South Koreans are gamers, and mobile is the most popular platform
59% of gamers in South Korea play on mobile