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NHN pulls its money out of Chinese market

NHN pulls its money out of Chinese market

NHN made a decision to withdraw its investment from the Chinese market. On October 27th, NHN, a major Internet corporation in Korea that operates the nation’s top search portal (Naver.com) and online game portal (Hangame.com), announced that it signed a contract with WDWF, a Chinese investment consulting firm, to sell 55% stake that NHN has in Ourgame. Ourgame was NHN’s game portal in China [...]
Gravity starts making new advancements

Gravity starts making new advancements

We have another news (or a couple of news, rather) from Gravity, a global game developer and publisher based in Korea renowned for its widely acclaimed Ragnarok series. Last month, there was a post about Gravity acquiring Barunson Interactive, the developer of Dragonica. Using the purchase as a driving force, Gravity seems to be making a couple of sleek moves forward. Here are a few changes Gravity [...]
NHN takes over WiseCat

NHN takes over WiseCat

 On September 6th, NHN acquired a controlling stake (51%) of WiseCat, taking over its management rights. WiseCat is a mid-sized developer that created Slugger, an online baseball game. Slugger has cumulative users of 4,000,000 and PCU of 35,000, showing a good performance so far. Its popularity is expected to show a steady rise as Slugger recently started service in Taiwan and North American region. Through [...]
Nexon Invests in the Spanish Game Developer

Nexon Invests in the Spanish Game Developer

[Press Release] Nexon Co., Ltd. (“Nexon Japan”, CEO Seung Woo Choi) announced on the Oct. 5 that it invested in the Spanish developer ‘BoomBang Games S.L., acquiring 32 percent of its shares. Established in 2004, BoomBang Games (CEO Luis Oses and Max Bevilacqua) is headquartered in Barcelona, Spain. The developer creates online games designed to appeal to Spanish speaking teenagers [...]
Gravity takes over Barunson Interactive

Gravity takes over Barunson Interactive

On September 28, Gravity acquired the controlling stake of Barunson Interactive, a game development studio under Barunson Inc, the holding company. The purchase amounts to KRW 11,688 million (approximately US$10,126 thousand). Best known as a developer of Dragonica, a casual 3D MMORPG, Barunson Interactive is considered as a promising game studio with a growing potential. Dragonica especially is its [...]
The “official” boom of casual games in Korea

The “official” boom of casual games in Korea

On September 14, NCSoft has partnered with Popcap Games to publish Popcap World, a hybrid online game that consists of 14 casual games. Popcap Games is a leading provider of casual games for various platforms including mobile devices, Xbox, Nintendo DS, in-flight entertainment systems and the Web. Among its award-winning masterpieces are Bejeweled, Plants vs. Zombies, and Zuma. Popcap World will consist [...]
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