If you’re in the market for a game console, why not pick up some games from Korean developers? This article will introduce you to Nexon Korea, NCSoft, Netmarble, and Krafton Game Union. These companies are poised to be giants in the future, and have a lot of room for growth. Read on to discover their strategies, and get a sneak peek of the future.
Nexon Korea
The founder of online gaming giant Nexon, Jung-ju Jay Kim, has died. Although the cause of his death is not yet known, he is considered a hero by the Korean gaming community. He leaves behind two teenage daughters and a wife. The founder of Nexon founded the company in 1994 and pioneered free-to-play PC gaming, developing the first MMORPG – MapleStory — in 1996. The game is wildly popular, with more than 180 million players worldwide. Developed in Korea, it pioneered the “free-to-play” model, which allows players to play games for free but pay to purchase virtual items.
While Nexon is headquartered in Tokyo, its other major subsidiary, NXC, is located on Jeju Island, which is off the southern coast of the Korean peninsula. Kim had retired from day-to-day management of the company in 2006. In 2016, he was indicted on charges of bribery. Kim admitted to giving money to Jin Kyung-joon, but was found not guilty due to a lack of proof. In the wake of the indictment, Kim issued a public apology and resigned from Nexon’s board, but remained chairman of NXC.
NCSoft
In addition to their successful franchises like Fortnite and PUBG, there are other companies to keep an eye on. Nexon is a Korean game company that has been active in the mobile gaming space. Its affiliate NAT Games developed a game called V4 which gained significant popularity amongst the Korean mobile gaming community. Nexon plans to focus on its franchises Kart Rider and Drift and Dungeon and Fighter for 2022. 토토커뮤니티
Despite the popularity of PC and console gaming, South Koreans are also huge fans of mobile games. It is estimated that over 50% of Koreans now own mobile devices. The average Korean spends almost two hours a day on public transportation, including the subway and buses, and they use these mobile games to pass the time. Most of the games that are available on these platforms are free, making them ideal for the masses.
Among the companies to watch are Kakao Games and DoubleU Games. The former is known for the MMORPG Kingdoms of Camelot. The latter was recently released on mobile devices as Kingdoms of Camelot: Battle for the North. Both games are targeting mobile users and have a strong presence on Facebook. The latter has plans to develop a new social game in 2021.
Netmarble
The South Korean game development company Netmarble has made big waves in the overseas market with its mobile games, such as Lineage 2 and Marvel Future Fight. They also own a stake in Kakao Games and are currently implementing AI technology into their games. This is great news for gamers around the world, as their games are already available in more than 140 countries. Netmarble’s mobile game sales are currently less than $2 billion per year, but the company expects to surpass this number by 2022.
Other Korean gaming companies to watch for are HAEGIN and Rawple Studio. These companies are engaged in the development of mobile games and are known for their high-quality graphics and innovative gameplay. Other notable companies include LTIZEN, a global entertainment company that is focusing on gaming software. In addition, the Eight Panda Game Development Studio is a development studio that consists of experienced developers who have experience developing titles for the major online games in Korea. Finally, Crzyfish is a mobile game development studio that provides a platform for users around the world to play their favorite games.
Krafton Game Union
While it hasn’t yet reached the IPO threshold, Krafton has already acquired five game studios: PUBG Studios, Bluehole Studio, Striking Distance Studios, RisingWings, Dreamotion, Unknown Worlds, and Elyon. The company’s focus on technology has helped the company make a name for itself in the gaming industry, and it has plans to expand its presence into mobile gaming.
The company rebranded from Bluehole to become Krafton Game Union. Their booth featured an informative history of the company, culminating in a look at the PUBG franchise booth. It also features a history of 16 failed games. The company has also filed 3 patents and has a number of other patents in the gaming space. This makes it one of the top 10 Korean gaming companies to watch for in 2022.
The company also owns a large percentage of early-stage video game companies like Epic Games. Tencent has 40% of the company and owns a quarter of Activision Blizzard and one-fifth of Krafton Game Union. As such, it is a major player in the gaming industry and a great stock to own. For investors, Krafton Game Union is one of the top 10 Korean gaming companies to watch for in 2022
Smilegate
This list of the Top 10 Korean Gaming Companies to Watch For consists of companies that have been around for more than 10 years, and are poised to be the leaders of the gaming industry in the coming years. The company is highly profitable, with a market capitalization of $1 billion. Most of these companies are known for their online PC games, like the popular Crossfire. It has become the world’s most popular free-to-play FPS, and has been a top game in the Asian and Chinese markets. Its games are extremely popular, and the company is looking to expand even more, as the mobile market grows rapidly.
Other notable companies include Kakao Games, the game unit of South Korean mobile company Kakao. This company has capitalized on the love of MMORPG games in Korea, and has a majority stake in Lionheart Studio Corp., which is the developer of the hit game Odin: Valhalla Rising. The company has also created a cloud-based service for gaming platforms, AppSealing. http://totonamed.com
Gamevil Com2us
The merger of Gamevil and Com2us, which took place in October 2013, combines two companies with different strengths and a shared vision. This merger is thought to be a win-win, with Gamevil’s technical expertise and Com2uS’s creativity being combined with the Korean firm’s business analytics and investment in 3rd party developers. The combined company is one of the top 10 gaming companies in the world and is set to become one of the largest in the world.
Studio Mantra started out making mobile games in 1996 and later branched out into other genres. The company translated the popular Princess Maker for the Korean market and landed a deal with Sony to produce the game. It was a hit in the region and became one of the top 10 Korean gaming companies to watch for in 2022. The company also released the Ys II series in 2004.
GRAVITY
GRAVITY is one of the fastest growing game developers in Korea and the only Korean company listed on NASDAQ. Its flagship IPTV service game with Pororo characters, Ragnarok Online, generates nearly all of its revenue. GRAVITY has expanded into the global online gaming business and has established joint ventures in Europe and Russia. The company is based in Seoul, but has developed a global presence and is establishing joint ventures in the US and Europe. Its primary market is Southeast Asia, where it is a global leader in mobile gaming.
Ragnarok Online is one of the most anticipated MMORPG games on PC. The game is an adaptation of a popular Korean comic series. As of January 2018, it has more than 80 million registered accounts. It is considered a classic MMORPG game and is one of the most popular video games ever released. However, the company isn’t stopping there. In addition to Ragnarok Online, Gravity also has a number of projects planned for the future.
DoubleU Games
If you’re a fan of online gaming, then you’ve likely heard of DoubleU Games Co. Ltd., the Korean game developer and publisher. DoubleU Games has a wide range of products including social casino games and mobile slots. Their flagship product, DoubleU Casino, has been available in over 120 countries. The company is now looking to expand its social casino game franchise and plans to develop a variety of new titles starting in 2021.
The South Korean game company has been investing in innovative technologies such as augmented reality and artificial intelligence. The company has partnered with global gaming giant IGT to develop social casino games. In October, the company will host a conference called MetaBeat, which will bring together global leaders in metaverse technology and transformation. While the deal is subject to regulatory approvals, it is expected to close in the second quarter of 2017.
In South Korea, gaming companies have turned their focus to mobile games. The average Korean spends about two hours every day commuting by bus and subway. Many Koreans use their smartphones to pass the time. In fact, many of them download free mobile games to keep their hands busy. While they’re not playing the games for real money, they’re still playing games to pass the time.