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…

Netmarble – New working hours introduced to prevent employee deaths

After being berated by the government, human rights groups, current and former employees, South Korean developer Netmarble finally launched a plan to make sure no more employees commit suicide or pass away due to over-working in the company. Most importantly, the…

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…

Anime Festival Asia – Organizers of GameStart and AFA team up for bigger and new events

SOZO, organizer of Southeast Asia’s largest Japanese pop culture event Anime Festival Asia (AFA), and Eliphant, organizer of Southeast Asia’s premier gaming convention GameStart, have announced that both entities will form a strategic alliance to further strengthen existing events, and…

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…

Echo Fox – Parent company of esports team raises USD 38 million in funding

Vision Esports, the ownership group which owns esports team Echo Fox, recently announced it has raised USD 38 million in a funding round. The round was led by Evolution Media, an investment firm backed by Creative Artists Agency (CAA) and private…

Bluehole – PUBG success brings each employee 10 million KRW worth of incentives

According to reports from South Korea, developer Bluehole has given each of its employees (around 800) an average incentive of 10 million KRW (around 9,000 USD) due to the global success of PlayerUnknown’s Battlegrounds. Announced just before the start of…

Kakao Games – Nearly 20 mobile games set to launch in South Korea this year

Unlike its Korean gaming rivals such as Netmarble, NCsoft, and Nexon, Kakao Games does not really have its own development studios, hence it is mostly a pure publishing company. During its recent media day, the company announced around 20 new…

Netmarble – Project M and Seven Knights for Nintendo Switch revealed

Similar to NCsoft, Netmarble recently announced its latest financial status to the public and its shareholders. While the overall revenue went up for Q4 2017, the operating and net profits went down, most probably due to increased operating costs and…