South Korea

Published on February 1st, 2017 | by cinderboy

3

Bluehole Studio – Korean developer receives new multi-million investment

Earlier today, it was announced Bluehole Studio (developer of TERA) has received a new investment from Neptune Company, a lesser-known South Korean mobile games developer, spent 5 billion Korean Won (around USD 4.3 million) to purchase a 2.4% stake in Bluehole Studio, equaling to 166,666 shares. The deal is reportedly to “secure strategic partnership” between the companies.

Neptune Company itself also received a 10 billion Korean Won (around USD 8.6 million) investment from Kakao Games and Kakao Game Growth Share Fund. They are the subsidiaries of Kakao, one of the biggest mobile messaging and game companies in South Korea. Neptune Company will expand its business by acquiring new studios and invest in popular IPs for game development.

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About the Author

Your average online gamer who is bilingual in Chinese and English, although he does try to play Japanese and Korean games sometimes. Online gaming since 1999, and has worked in the online gaming and mobile gaming industry (Journalist, Game Master, Community Manager, Operations Manager) since 2008.



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3 Comments on "Bluehole Studio – Korean developer receives new multi-million investment"

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Isacraft
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Oh great more elin classes and avatars incoming

Feminist
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Elin Master race pleb.

Metatime
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Nice find. It’s interesting a subsidiary of Kakao is investing in a competing company

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