Nyou, previously a mobile games developer known for Dragon Chronicles and Duel Summoners, recently announced that it has secured 30 billion Korean Won (around USD 25 million) from its Series D investment round. The Korea-based developer counts Daol Investment, KB…
Garena – Singapore game company invests USD 25 million in new Korean developer
According to reports in South Korea, Singapore-based game company Garena has invested 30 billion Korean Won (around USD 25 million) in new Korean developer Alt9. Alt9 was founded in December 2021 with a grand aim to “innovate the stagnant mobile…
Shining Force: Heroes of Light and Darkness – Vespa confirms development has stopped
Officially announced to the public in August 2021, Korean developer Vespa last week announced the suspension of development for its new mobile RPG, Shining Force: Heroes of Light and Darkness. The main reason provided by the CEO of Vespa is…
Nexon – Company founder passes away aged 54 in Hawaii
[Source] In the midst of all the nonsense metaverse and NFT news, we at MMO Culture are sad to inform gamers about the passing of Mr Kim Jung-ju, the visionary founder of Korea’s largest gaming company, Nexon. It was noted…
Vespa – Stock trading for King’s Raid developer suspended following dismal financial results
Korean developer Vespa, well-known for its mobile RPG King’s Raid, yesterday (7 Feb) was forced to suspend trading of its stock after the latest financial results announcement. According to local news, Vespa’s 2021 total sales saw a drop of 36.5%…
Com2uS – Korean gaming giant becomes seed investor in new play-to-earn NFT studio
Com2uS, which is busy building a metaverse of its own, today announced it has made a strategic investment in 5X5 Gaming, a new Play-To-Earn NFT game developer based in San Francisco, California. Founded by Deniz Gezgin, the studio is now…
Granverse – Gran Saga developer announces metaverse project
Korean developer NPIXEL today announced its ambitious plan to build a metaverse around its Gran Saga IP, a mobile + PC MMORPG which is now available in South Korea and Japan. Named as “Granverse,” the project will utilize blockchain technology…
Com2Verse – First look at metaverse from game developer Com2uS
Metaverse has been the buzzword especially since the parent company of Facebook is now known as Meta, with an aim to build a metaverse where humanity can thrive in. Now, almost all major game companies are either looking at creating…
Nexon – NAT Games and Nexon GT merges to form Nexon Games
Nexon recently announced a merger of two subsidiary studios, NAT GAMES Co., Ltd. and NEXON GT Co., Ltd. The combined teams will operate as Nexon Games and diversify development to create games for global audiences. The merger between the two…
The Great Merchant M – Global publisher announced for economy + strategy mobile MMORPG
The last time we posted about The Great Merchant M was back in 2019, so let’s have a quick recap. The Great Merchant, also known as Gersang Online, was a PC MMO which launched back in 2002. In fact, the…
HIT 2 – Nexon announces global publishing rights for MMORPG sequel
In a press release sent to the Korean media earlier today, Nexon announced that it has signed the global publishing rights for HIT2 (히트2) from developer NAT Games. This is the same HIT MMORPG which we mentioned back last year.…
NPIXEL – Gran Saga developer becomes faster Korean gaming company to hit unicorn status
Korean gaming startup NPIXEL, developer of Gran Saga, has joined the local “unicorns club” after receiving yet another new round of investments. The company is now valued at over 1 trillion Korean Won, which is about 860 million USD. The…
Netmarble – Korean gaming giant announces Seven Knights 2 for 2021 global launch
This past week saw companies all over the world, regardless of industry, announce their latest financial records for the 2nd quarter of 2021 (April to June), and that includes listed gaming companies as well. Netmarble is one of them, but…
Nexon – Global games giant announces new projects in active development
Nexon today announced that it unveiled details on new games in development at the company’s studios in Seoul, South Korea. Games in development include Project Magnum, Project HP and Mabinogi Mobile, plus nine additional games. Some of the titles are…