According to Korean media Inven, Netmarble has announced it will invest over 180 million USD to build a new Research & Development building in Gwacheon Knowledge Information Town, located around 40 minutes from the central of Seoul. The location Netmarble…
Second Dinner – New studio gets investment from NetEase to work on Marvel game
Officially formed in 2018, Second Dinner is a new games studio founded by Ben Brode. A 15-year veteran of Blizzard Entertainment and former game director of Hearthstone, he was also a founding member of the project. Second Dinner recently announced…
Nexon – Gaming giant confirms it is looking into various options for company’s future
Following various foreign media reports on Nexon possibly being sold next month to the highest bidder, the South Korean gaming giant has issued an official response. While not denying that the company is up for sale, Nexon confirmed that it…
Nexon – Rumor claims Nexon is set to be sold to highest bidder next month
According to rumors from South Korea and Japan, Nexon is set to be sold to the highest bidder next month. Listed on the Tokyo Stock Exchange with a market value of USD 11.5 billion, the buyer is expected to be…
Special Report – Chinese government releases list of 80 games approved after 6 month ban
If you did not know, the Chinese government stopped approving games for launch in the world’s largest country back in March 2018. This also include games from local developers. There were many reasons behind this action, such as the concern…
Riot Games – Developer refuses to fire COO Scott Gelb despite multiple sexual harassment claims
Riot Games was in the spotlight before for its toxic work culture, especially highlighted by its practices which drove out many female employees. Recently, it was revealed by Kotaku that the company’s COO, Scott Gelb, was a senior executive who…
Netmarble – Seoul High Court dismisses appeal against misleading loot box percentages
Back in March, several major Korean game companies were fined by the local Fair Trade Commission for dishonest crimes revolving around loot boxes and their percentages. The companies involved included Nexon and Netmarble among several others. Unhappy with the fine…
Daybreak Games – H1Z1 developer fires around 70 employees as Christmas is arriving
Following reports that Daybreak Game is working on a battle royale game based on its PlanetSide IP, it was revealed by former CEO John Smedley yesterday that the studio has laid off around “70 employees”. Jobs were made redundant throughout…
Krafton – TERA developer confirms new parent company in shareholders meeting
South Korean developer Bluehole held an extraordinary general meeting (EGM) earlier today and revealed its plans to rename the company to Krafton. The name first came about just recently, as Bluehole introduced the KRAFTON Game Union brand which gathers all…
Steam – Digital distribution platform officially signed for China
At an esports event held at the Mercedes-Benz Arena in Pudong, Shanghai, Perfect World and Valve officially signed a contract in the presence of government officials to being the Steam platform to China. While details are scarce, it is said…
Korea Game Awards 2018 – Black Desert Mobile nabs top prize at annual awards ceremony
G-Star 2018 begins tomorrow in Busan, South Korea, and every year on the night before the exhibition starts, the Korean Game Awards ceremony is held. Previously, it was expected that Black Desert Mobile will do a clean sweep of the…
Funcom – Developer posts stellar quarterly financial report and reveals new projects
Since founded in 1993, Norwegian developer Funcom has seen several ups and downs (layoffs and financial struggles), especially in recent years. However, in the 3rd quarter 2018 financial report, Funcom announced it is finally debt-free as of 4 October 2018.…
Wemade Entertainment – Korean developer posts massive loss for Q3 2018
It is the time of the year when publicly listed companies around the world post their financial numbers for the 3rd quarter of 2018, and game companies are no exception. While most big Korean game companies are posting record profits,…
Nexon – Major investment in new European developer announced
After revealing its 14 games for G-Star 2018, Nexon announced its financial results for the 3rd quarter of 2018 earlier today. The game giant posted record-high revenues, operating income, and net income, driven by continued strength of its biggest franchises…