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…
Korea Game Awards 2018 – Mobile games dominate nominees lists for annual awards
Every year before G-Star begins, there is an awards night which highlights and honors the best of the Korean gaming industry known as Korea Game Awards. 2018 will be very different, as there will not be any PC MMORPG at…
Vespa – King’s Raid developer prepares for stock listing in South Korea
According to the Korean media, mid-size games developer Vespa, the creator of mobile RPG King’s Raid, has submitted a securities report to the Financial Services Commission in view of being publicly listed on KOSDAQ, the trading board of Korea Exchange (KRX).…
Trion Worlds – Layoffs begin at ArcheAge publisher after being sold
According to multiple reports, Trion Worlds is rumored to be now under the new ownership of European games publisher Gamigo. While the sale is confirmed, there has yet to be any official press release identifying Gamigo as the new owner…