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Overwatch – Jail sentences and heavy fines await hackers in South Korea

According Overwatch’s South Korean forum, a total of 13 hackers in the popular team shooter were captured by the South Korean police after a complain from Blizzard. Handled by Seoul Metropolitan Police Agency’s cyber-safety department, a year-long investigation have actually been…

Icarus Mobile – Developer requests cancellation of contract with Netmarble

Netmarble, developer and publisher of games such as Lineage II: Revolution, Seven Knights and the recently launched Harry Potter: Hogwarts Mystery, recently announced its financial report for the 1st quarter of 2018 (January to March). During the Q&A session, Netmarble…

Red Duck – Developer of A.V.A ordered to restructure due to financial crisis

According to multiple reports from South Korea, developer Red Duck has run into financial issues and has granted by the local court time to restructure its company and come up with a recovery proposal. If you did not know, Red…

Nexon – Gaming giant acquires 100% stake in Korean developer

According to media outlets from South Korea, Nexon has acquired a 100% stake in domestic developer Ngine Studios. No financial numbers have been revealed for this deal. Established in 2011 with funding from Softbank Ventures and Neoplux, Ngine Studios currently…

Nexon Korea – Gaming giant restructures internal teams into 7 studios

Nexon Korea recently announced it has re-organized its internal development teams, and have officially granted the 7 internal studios independence from the head office to promote the development of more creative products. Each of them are also encouraged to grow…

NetEase – Chinese developer preparing to sue copycats of their battle royale games

In a twist to the storyline, after PUBG Corp officially sued Chinese developer NetEase for cloning PlayerUnknown’s Battlegrounds, NetEase today instead issued a statement claiming that it will begin to sue any studios which copied “creative features” found in Rules…

PUBG Corp – Lawsuit filed against NetEase over PUBG clones

[Source] PUBG Corp, the new entity setup last year by developer Bluehole to oversee everything related to PlayerUnknown’s Battlegrounds (PUBG), recently filed a lawsuit in a Northern California court against Chinese gaming giant NetEase over the PUBG clones, Knives Out…

Nexon – Gaming giant fined for using gacha function to cheat consumers

A few months back, Nexon got into trouble with the Fair Trade Commission, a local Korean government office, as the gaming giant did not reveal the gacha draw percentage in 2 of their games, Sudden Attack and Counter-Strike Online 2.…

Pearl Abyss – Counter-Strike creator joins Black Desert studio to work on new online shooter

Minh Le, known to many as Gooseman, is off to pursue new adventures. The legendary game creator that helped bring one of the most popular first-person shooters of all time to the world, Counter-Strike, has joined the ranks of South…

Bluehole – PUBG developer announces record profits for 2017

According to recent reports from South Korea, developer Bluehole achieved a total revenue of around USD 630.7 million for the year of 2017, with an astounding profit of nearly USD 240 million. As you would have guessed, majority of the…

Luminous Productions – FFXV director helms new AAA studio under Square Enix

Earlier today, Square Enix announced the formation of Luminous Studios, an in-house development unit led by Hajime Tabata, the director of Final Fantasy XV. Perhaps named based on the Luminous Engine which Final Fantasy XV was developed from, the studio…

Tencent Holdings – Over USD 10 billion profit achieved for year 2017

Tencent Holdings Limited, the largest IT company in China, recently announced its financial results for the year of 2017. While you may have known its subsidiary Tencent Games, the company is also behind China’s top chat app (WeChat), online messenger…

Bluehole – Korean giant buys over local developer Red Sahara Studio

Thanks to the global success of PlayerUnknown’s Battlegrounds, Bluehole is now one of the richest and most recognized gaming company in the world. The developer of TERA today announced the acquisition of local mobile games developer, Red Sahara Studio, in…

PUBG Corp – Key executive from Riot Games defects to support battle royale game

Last week, it was revealed that PUBG Corporation has poached a key executive from Riot Games in order to expand its esports business for PlayerUnknown’s Battlegrounds. The personnel is Jung Hyun Kwon (권정현), who previously worked as Managing Director of…