Archive for: April 2009

Neowiz Games Reports 27% Jump in Q1 Profit

Neowiz Games has come a long way. Neowiz Games impressed the industry with a profit of 16.3 billion Won (approx. US$ 12.6 million) in the first quarter of 2009, a whopping 145% increase over the 6.7 billion Won (approx. US$ 5 million) it earned during the same period in 2008 and a 27% increase from the previous quarter. Revenue has risen 15% to 58.3 billion Won (approx. US$ 44.9 million) from the previous quarter.

The company is attributing the overall rise to the increasing profitability of its blockbuster sports and FPS games such as FIFA Online 2, Slugger, Special Force, and A.V.A as well as its international businesses.

[Gstar] Ready to fly to Busan?

A good news: you don’t need to be stuck at taxi for hours to get to KINTEX in Ilsan from Seoul to see Gstar anymore. A bad news: you need to take a flight (or train if you prefer) to see Gstar from now on because it’s in Busan (or Pusan as some folks know) now!

Not sure it’s a solution to boost dwindling attendance but it’s final. From November 26 to 29, Busan BEXCO will host the 5th Gstar.

[AION] Over 1M paying users in China

Looks like the last hope for Korean Online game industry, Aion is doing great in China as well. A Korean game media site, thisisgame.com, posted an article on Aion.

According to a Chinese site, JLM Pacific Epoch, Aion’s paying users went over 1 million since its commercial launch on April 16th in China. Shanda, Aion’s Chinese publisher, is planning to add 3 more servers to current 93 servers.

Analysts estimated the loyalty revenue comes from China may be around 100 billion Won (approximately USD 77 million) per year. Last year NCSoft reported 240 billion Won (USD 184.6 million) revenue. (That’s a lot of zeroes..)