South Korea

Published on April 7th, 2017 | by cinderboy

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XLGAMES – ArcheAge developer receives investment from gaming giant

I would call WeMade Entertainment a slumbering giant, as it is still far behind Nexon and Netmarble. But still, the Korean publisher and developer is one of the top gaming companies in the country. After recently selling USD 178 million worth of Kakao shares, it was reported today WeMade Entertainment has invested in ArcheAge developer, XLGAMES, through purchasing an unknown number of shares.

At the same time, WeMade has also bought shares of startup developer Hound 13, which is developing an action RPG for mobile devices, Hundred Soul (Project 100). It also made long-term investments in NextFloor (where former art director of Blade & Soul currently is) and Pulsar Creative (founded by former Lineage 2 art director which also received investment from Nexon).



 

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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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