Netmarble game developer
Scope
Date
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Korean games
WeMade revises 2021 results to exclude crypto earnings
WeMade Co., a pioneer in South Korea's play-to-earn (P2E) game industry, revised its 2021 operating profit downward by 70% after excluding 220 billi...
Mar 17, 2022 (Gmt+09:00)
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Aerospace & Defense
Hanwha invests another $11 mn in US communications firm Kymeta
Hanwha Systems Co., the defense and air mobility unit of South Korea’s Hanwha Group, made another investment of $11 million in Kymeta Corp., a...
Mar 16, 2022 (Gmt+09:00)
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Korean games
Pearl Abyss releases mobile game Black Desert in China in April
South Korean game developer and publisher Pearl Abyss set a China release date of April 27 for its cross-platform MMORPG Black Desert on the App Sto...
Mar 10, 2022 (Gmt+09:00)
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Corporate restructuring
POSCO launches holding firm to develop non-steel biz
POSCO, the world’s sixth-largest steelmaker, on Wednesday launched a holding company to develop the group into an eco-friendly future material...
Mar 02, 2022 (Gmt+09:00)
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Korean games
Nexon founder Kim Jung-ju dies at 54
Kim Jung-ju, the founder of global gaming giant Nexon Co. died in late February. He was 54.NXC Corp., the holding company of Nexon, announced on T...
Mar 01, 2022 (Gmt+09:00)
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Metaverse
Kakao’s incoming CEO to launch two metaverse platforms
‘Beyond Korea’ is South Korean tech juggernaut Kakao Corp.’s new vision for the future. Kakao’s new CEO nominee Namkoon...
Feb 25, 2022 (Gmt+09:00)
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Mobile networks
LG ramps up 6G development for first mover advantage
LG Electronics Inc. recently signed an MoU with the Korea Advanced Institute of Science and Technology (KAIST) for the second phase of their joint...
Feb 18, 2022 (Gmt+09:00)
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Cryptocurrencies
WeMade to retire WEMIX cryptocurrency for investor value
WeMade Co., a South Korean game developer, plans to retire 2% of its cryptocurrency WEMIX in the next two weeks to bolster its value for investors, ...
Feb 17, 2022 (Gmt+09:00)
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Korean games
Game stocks plunge in S. Korea, US
Game shares in South Korea and the United States have plunged, hit by worse-than-expected earnings. Online game developers in Korea have also b...
Feb 17, 2022 (Gmt+09:00)
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Korean chipmakers
SK Hynix develops memory chip with computing capabilities
SK Hynix Inc. has developed a next-generation memory chip with computing capabilities, which the company says will provide solutions for data conges...
Feb 16, 2022 (Gmt+09:00)
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Artificial intelligence
LG's AI designer debuts at New York Fashion Week
South Korean fashion label Greedilous showcased its 2022 Fall-Winter collection on the main stage of the New York Fashion Week on Monday local time....
Feb 16, 2022 (Gmt+09:00)
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Korean games
NCSoft's 2021 profit halves on labor, marketing costs
South Korea's NCSoft Corp., the publisher of the popular mobile game Lineage series, on Tuesday reported a worse-than-expected operating profit in 2...
Feb 15, 2022 (Gmt+09:00)
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Bio & Pharma
Lotte to develop seawater-degradable bioplastic material
South Korea’s Lotte Chemical Corp. plans to develop a decomposable bioplastic material in seawater for production based on petrochemicals for ...
Feb 15, 2022 (Gmt+09:00)
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Entertainment
Korean orchestras foster cross-genre collaborations
Seoul Philharmonic Orchestra and SM Entertainment Co. signed a memorandum of understanding last week to collaborate across different musical genres....
Feb 14, 2022 (Gmt+09:00)
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Korean games
Smilegate’s Lost Ark becomes second most played game on Steam
Smilegate Entertainment Inc.’s Lost Ark has become the second most played game within a couple of days after its launch on Steam, the world&rs...
Feb 14, 2022 (Gmt+09:00)
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Korean stock market
Gaming stocks tumble after disappointing Q4 results
Shares in South Korean gaming companies have been on a losing run since the start of the year, giving up about half of the gains they enjoyed late l...
Feb 11, 2022 (Gmt+09:00)
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Korean games
Saudi sovereign wealth fund buys $700 mn stake in NCSoft
Saudi Arabia’s Public Investment Fund (PIF) has increased its stake in South Korea's leading gaming company NCSoft Corp. to become its fourth-...
Feb 10, 2022 (Gmt+09:00)
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Blockchain
NHN looks to regain former glory as online game powerhouse
South Korea’s first-generation game developer NHN Corp. is gearing up to regain its past glory as the leader of the game industry.The tech gia...
Feb 08, 2022 (Gmt+09:00)
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Korean games
Saudi sovereign wealth fund buys 5% stake in Nexon
Saudi Arabia’s sovereign wealth fund Public Investment Fund (PIF) has bought a 5% stake in online game developer Nexon Co., the gaming...
Feb 06, 2022 (Gmt+09:00)
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Pension funds
Teachers' Pension posts record-high 12% return in 2021
Korea Teachers’ Pension (KTP) has said the rate of return from its investment management in 2021 reached 12%, the highest ever since its inc...
Feb 06, 2022 (Gmt+09:00)
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Digital assets
Game developers rush to launch their own digital coins
South Korea’s game developers are in a tight race to create their own digital tokens and to build viable ecosystems that utilize these cryptoc...
Feb 03, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Netmarble shares slide on report of CJ ENM's stake sale plan
Shares in South Korea's leading game developer Netmarble Corp. plunged 8.7% on Thursday to end at its lowest level in more than one and a half years...
Feb 03, 2022 (Gmt+09:00)
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Korean games
Krafton invests $5.4 mn in India’s sports game studio
Krafton Inc. said it invested $5.4 million in India’s mobile game development studio Nautilus Mobile as the South Korean producer of PlayerUnk...
Feb 03, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Samsung buys $2.3 bn Bioepis stake from Biogen to end partnership
Samsung Biologics Co. is acquiring a nearly 50% stake in a biosimilar joint venture with Biogen Inc. from the US biotechnology company for $2.3 bill...
Jan 28, 2022 (Gmt+09:00)
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Alternative investments
Daewoo consortium to develop building complex in Hanoi new town
Daewoo Engineering & Construction Co. has said it signed a contract on Jan. 26. to develop the H1HH1 block in Starlake, a new urban town in no...
Jan 28, 2022 (Gmt+09:00)
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Metaverse
Netmarble vows aggressive expansion in blockchain, metaverse
Netmarble Corp. unveiled detailed plans for a hawkish entry into the blockchain and metaverse industries on Thursday. The mobile game developer...
Jan 27, 2022 (Gmt+09:00)
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Construction
HDC Hyundai eyes over $800 mn in loans after fatal accident
South Korea's HDC Hyundai Development Co. plans to raise more than 1 trillion won ($832 million) in funding backed by its real estate holdings as th...
Jan 27, 2022 (Gmt+09:00)
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Foreign exchange
Korea to reform FX market to join MSCI developed markets
South Korea is set to reform the local currency market as the country aims to reach MSCI Inc.’s developed market status for its domestic stock...
Jan 25, 2022 (Gmt+09:00)
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Alternative investments
IGIS, Shinhan post 70% return a year from Amazon warehouse sale
A Korean consortium led by IGIS Asset Management Co. and Shinhan Global Investment Banking (GIB) has signed a contract with a US asset manager to se...
Jan 24, 2022 (Gmt+09:00)
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Pharmaceuticals
Korean pharma joins global race in RNA therapeutics development
The field of ribonucleic acid (RNA) therapeutics, once considered an unexplored area, is now the most coveted sector in the global biotech industry....
Jan 21, 2022 (Gmt+09:00)
Latest News
- 1 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 2 AI startup MarqVision raises $16.5 mn to close Series A
- 3 Taihan Cable wins $630 mn power grid project in Singapore
- 4 Korean startup scene is gloomy, say 2 out of 5 startup CEOs
- 5 MBK ups stakes for Korea Zinc to match buyback offer