NHN, a Korean information technology and game company, said Tuesday it turned to a net loss in the third quarter despite record sales due to a one-off factor sparked by massive payment delays by e-commerce platforms earlier this year.
Major game developers reported an increase in operating profits for the second quarter of 2024.
NHN's forthcoming game Darkest Days seeks to merge single-player and multiplayer modes, offering an open-world zombie apocalypse experience across multiple platforms.
The Korean cloud provider's center, established with the city of Gwangju and the Ministry of Science and ICT, can handles computational loads of 99.5 petaflops.
The publisher is broadening its reach into anime-style combat games with Ring Games' latest title.
Music streaming service Bugs launched a fan voting service, Favorite, in partnership with the JoongAng Ilbo, an affiliate of the Korea JoongAng Daily.
NHN Cloud raised 150 billion won ($122 million) of funding from IMM Investment, a Seoul-based private equity firm, amid a venture capital slump and a freeze in big deals.
NHN reported 21.4 billion won ($15.4 million) in net profit for the third quarter of 2022, beating analyst expectations but down by 51.9 percent compared to the same period last year. The company’s July-to-September operating profit also dipped ...
KRX-listed NHN is "absorbing" NHN Bigfoot, a subsidiary already wholly owned, in an effort to consolidate efforts and bring its game-related units closer to the core operation of the parent company. The effort began last February when ...
Krafton and NCSoft reported consensus-beating net profit in the first quarter, working against unfavorable market conditions and waning investor sentiment. The two largest game companies in Korea each released new online games last November and ...
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