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Nexon – Japan subsidiary sold for 1 Japanese Yen after years of losses

Back in 2012, Nexon bought over a Japanese studio called gloops to “accelerate Nexon’s mobile strategy.” The deal was all-cash with a massive outlay of 36.5 BILLION Japanese Yen! Fast forward to last week, it was revealed that Nexon has…

Dragon Hound – Nexon confirms its has stopped development for PC MMO

First announced at G-Star 2018, Dragon Hound was one of the few PC games which Korean gaming giant Nexon was working. Developed by devCat, the team behind Mabinogi, work has officially stopped for the Unreal Engine 4 title. This has…

Nexon – 2 key executives step down from Korean gaming giant

Following the recent restructuring turmoil at Nexon and the cancellation of Peria Chronicles, the latest news emerged from the South Korean media is that 2 high-level executives at the gaming giant will be stepping down. They are Jiwon Park, Director…

Peria Chronicles – Nexon confirms cancellation of ambitious MMORPG

First announced in 2012 as Project NT, it was confirmed today that Nexon has stopped the development of Peria Chronicles. A project under subsidiary studio Thingsoft, Peria Chronicles most recently had a debut test phase in May for a small…

Nexon – Employee union receives permit to hold demonstration in front of headquarters

Nexon’s employee union, Starting Point, today announced it has obtained permission from the local police to hold a demonstration in front of Nexon’s Korean headquarters on 3 September. This is apparently the first demonstration or rally in the local gaming…

Nexon – Over 80 employees “dropped” from canceled Unreal Engine 4 game

It seems that the “crisis” at Nexon is continuing over in the Korean offices. 2 weeks after closing down 2 western subsidiaries, Nexon M and Division Partners Office, and after announcing it will not be taking part in G-Star 2019…

Nexon – Korean gaming giant will not be at G-Star for the first time in 14 years

According to reports from South Korea, Nexon has announced it will not be attending this year’s G-Star game exhibition (at least in the public halls) for the first time in 14 years. The reason given by Nexon is to “focus…

Nexon – 2 western subsidiaries are shutting down due to internal restructuring

Following the shift to Embark Studios leading Nexon’s future growth in North America and Europe, big changes have happened. Both Nexon M and Nexon’s Division Partners Office are being closed by the end of this month, with many developers and…

Nexon – Former EA executive tasked to lead Western market and we are genuinely worried

Barely a month after investing in the startup, Nexon today announced its plan for the complete acquisition of Embark Studios AB (“Embark Studios” or “Embark”), founded by Patrick S√∂derlund. Nexon will increase its existing stake of 66.1% to 72.8%, and…

Nexon – Korean gaming giant rumored to have big internal merger next month

According to the Korean media, Nexon will merge both its mobile and PC games business units next month in a major overhaul. This is rumored to be due to the canceled sale of Nexon, as no satisfactory price was offered…