Tag: Gamania

Nexon was fine for acquiring shares illegally in Taiwan

Nexon has to pay a fine regarding its acquisition of Gamania shares.

Fair Trade Commission (FTC) held that Nexon must pay 900,000 Taiwan dollars as a fine for acquiring Gamania’s share illegally. In addition, Nexon needs to sell shares of Gamania or follow report procedure. If Nexon won’t, 50 million Taiwan dollars of additional fine could be addressed.

Currently Nexon is the major shareholder of Gamania with 34.6% of shares. According to laws of Taiwan, if one has more than the one third of the total capital or shares, it could be considered as a merger. If one being acquired is occupying the one fourth of a market, the company who acquires must report it to Taiwan government.

Gamania has been a partner of Nexon since 2005 and published Nexon’s online games such as Maple Story, Kartrider, Vindictus for Taiwan.

Nexon announced the statement regarding FTC’s decision like below on the 4th of July.

 

Nexon’s Statement

July 4 2012

Nexon today has been informed of the decision made by the Fair Trade Commission (FTC), which has ruled that Nexon was subject to merger filing pursuant to the Fair Trade Act regarding its acquisition of Gamania shares. It is regretful to learn that the FTC and Nexon have had different viewpoints on the definition of the relevant gamemarkets and the market shares of the respective companies therein. As the issues on the market definition and market share are quite controversial among industries, Nexon will re-consider and verify the facts, data or evidences on which the FTC formed its decision andmay seek any remedy.

Nexon has always maintained a long-term commitment to the growth of the Taiwanese digital game market ever since Nexon and Gamania’s partnership began in 2005. As the major shareholder of Gamania, Nexon highly values the relationship and continues to holda strong and positive business outlook for Gamania and the Taiwanese digital game market. We believe we have delivered some of the top games in the Taiwanese market to this day and will continue to strive to bring such innovative content to local gamers andthereby support the further development of the digital game industry in Taiwan.

Nexon becomes a largest shareholder of Gamania

Nexon is looking for Asian online game publishers to acquire. The company delivered acquisition proposal to P.T.Kreon, #1 publisher in Indonesia, last year.

The Recent news that Nexon acquires more than 30% shares of Gamania, #1 publisher in Taiwan, and becomes the largest shareholder was shocked many people as well. Taiwan game industry was shocked because of it and worried about hostile takeover y Nexon. Gamania has built a long-term partnership with Nexon and published several online games such as Maple Story, Dungeon&Fighters, KartRider etc.

Nexon started having a cooperated relationship with Gamania from 2005 and acquired 10% shares from Gamania in 2007. Nexon has 34.6% of Gamania’s shares, which is more than the total sum of Gamania CEO Albert Ryu’s and its executives’ shares.

It is possible that the issue could be cleared at Gamania’s general meeting of stockholders in June. Since Nexon is listed on Japanese stock market, they become sensitive to keep growth and raise the profit rate.

[Nexon] Brings SP1 Chinese version with Gamania

SilientPlot1 (aka SP1) is now playable in Taiwan, Hong Kong, and Macau thanks to Silver Potion (developer), Nexon (publisher), Gamania (local publishing partner in theses regions). I’ve got nothing more to say other than I was told there is an in-game character that looks like the girl in costume. For those who might wonder, it’s from the promotion event in Taiwan. (How come we don’t have such thing in America?!)

SP1

[Dungeon Fighter] Set the launch date for Taiwan

DNFLast May I posted a news that Neople is going to publish Dungeon Figther in Taiwan, Hong Kong and Macao in 3Q with the local publishing partner, Gamania. Now they set up an official launch date for DNF as July 16th.

Gamania had a CBT from June and used up 60,000 beta keys right after they became available to gamers.

[True Games] Brings Warrior Epic to China

True Games?Interactive announced that it has?signed an exclusive deal with Gamania Digital?Entertainment (遊?橘子: Chi)?who will exclusively publish, distribute and operate?True Games and Possibility Space’s upcoming MMORPG, Warrior Epic in China.