Recently, it was announced that NCsoft has started diversifying away from its core gaming business. First, it has invested 1.6 billion Korean Won (around 1.35 million USD) in BYROBOT, in a deal struck late last year. BYROBOT has specialized in toy drone production since it founding in 2011. Drones are seemingly gaining popularity and attention worldwide, so it might turn out as a good investment.
Second, NCsoft has invested 45 billion Korean Won (around 40 million USD) in KG Inicis, Korea’s largest electronic payment company, by acquiring convertible bonds that will mature in four years. The strategic partnership will see the formation of a joint task force for the FinTech (financial technology) business and co-develop business models for next-generation payment systems.
