Archive for: May 2010

[FIX Korea] Tactical Intervention CBT

TI(Tactical Intervention) developed by FIX Korea begins?CBT for North America on May 28th. Minh “Gooseman” Lee, the lead developer for the smash hit Counter-Strike, reloads with his new project, Tactical Intervention. In development for over six years, Tactical Intervention is focused on team play and dynamic environments which will challenge players. The date for the European Closed beta has yet to be finalized.

Nexon Takes Over GameHi

Nexon acquired GameHi by taking 29.3% of stakes from the major shareholder and chairman of GameHi, Kun IL Kim (52.91%), for 73.2 billion Won (US$ 61 million) on May 26.

Neowiz Acquired CRSpace

Another M&A news from Korea. Neowiz Games acquired CRSpace, an online game developer of Seven Souls, to beef up its game development capacity. Neowiz Games acquired 49% of stakes for 12.7 billion Won (US$10.6 million).

NHN Games Merged into Webzen

Webzen and NHN Games merged into one company and one name, Webzen, on July. The value of the mega game company is estimated to be around 400 billion Won (US$333 million) with 550 employees.

Two companies prepared this day from 2008 starting from shifting management team then integrating business divisions on June 2009, then moving into same building on December same year.

Through this merger, Webzen secures ?more than 12 titles including Mu Online, SUN: World Edition, Archlord, R2 and C9, Huxley:Dystopia, Battery.

<NHN Games’ Byung Kwan Kim (김병관: kor, left) and Webzen’s Chang Keun Kim (김창근:kor) at the press conference>

[GameHi] Revenue Reaches 10.9 Billion Won in 1H 2010

GameHi, in the middle of merger discussion with Nexon, released the earning report for 1H 2010.

  • Revenue in 1H 2010: 10,928 Million Won (US$ 9.1 Million)
  • Net profit in 1H 2010: 2,795 Million Won (US$ 2.33 Million)

The company expects revenue growth in 2H from new game launches including a browser-based game and overseas operation.