South Korea-based gaming company, Webzen, posted its financial record for the year ending 2013 recently. While not a total disaster, operating profit did drop a hefty 67%, despite expanding its portfolio with the purchase of gPotato and introducing new games in Korea.
According to the official report, MU Online continues to be the main revenue generator, a game which is now around 13 years of age. While gpotato ranks 2nd place (including Flyff, Allods), Metin 2 and C9 takes the following spots. Metin 2 is still very popular in Europe, but it is surprising that C9 is still earning so much from the global version. You see, C9 has yet to relaunch in Korea despite promises by Webzen.
What does the future hold for Webzen? In Korea, the development team is working on MU2 and a “Project MST” while trying to save Archlord II. Webzen is also looking towards mobile games, but the future is less clear for the gPotato portal, having just launch Age of Wulin after the acquisition. From the chart above, it is clear that Webzen’s biggest opportunities lies beyond its native country.