In addition, some of their successful releases include Lineage 2, Marvel Future Fight, and Cookie Jam, just to name a few. They are one of the leaders in the mobile gaming market in South Korea. Netmarble has had a lot of success overseas. In order to increase their game development and secure content IPs, Nexon will hire over 1,000 employees in 2022. Some of their super games include Project Magnum, Mabinogi Mobile, Project ER, TalesweaverM, Project HP, Project MOD, and Project Overkill. Nexon’s plan for 2022 will be to launch 10 super game IPs that will be key for their growth in the next decade. Kim Jung-ju has been interested in digital coins ever since he acquired Korea’s first virtual currency Cobit, and also made investments in Bitstamp and Tagomi. The company states that it spent less than 2% of its cash reserves when making the purchase. This is a clear sign that Nexon believes that Bitcoin offers long-term stability and liquidity while maintaining the value of its cash for future investments. The average price of Bitcoin during that time was around $58,000 per bitcoin. In 2021, Nexon made headlines in South Korea for buying 1,171 Bitcoins. I will work to maximize Nexon’s unique strengths to raise the firm’s competitiveness in the global market,” said Lee Jung-hun, CEO of Nexon Korea. Nexon’s biggest strength is its years of experience and expertise in the gaming business. “It’s an honor to be named as the new CEO of Nexon Korea. Some of their other top games include MapleStory and KartRider. Neople, a subsidiary of Nexon Korea is the developer of Dungeon Fighter Online which is now Nexon’s top game and is especially popular in China. The favorite to win the bid was Tencent because it owns the exclusive China license for Dungeon Fighter (DNF). The bidders were Tencent, Kakao, Bain Capital, and MBK Partners. The deal could have been a $16 billion deal, the biggest deal for any gaming company. Nexon, founded in 1994, is now the biggest gaming company in South Korea. However, that bid failed, and instead, the company planned to re-examine its ongoing projects and stop works on games that are not performing. Here is our list of the top 10 Korean gaming companies for 2022 1.Nexon Koreaīillionaire founder Jungju Kim planned to sell a 98.64% stake in NXC, which is the holding company that owns 48% of Nexon. The rankings were comprised by the Seoulz staff and are based on 4 factors: Hopefully despite government regulations more Korean gaming companies will succeed and take advantage of the opportunity in the Korean gaming market. Korea has an incredible gaming infrastructure, culture, and high penetration. The top 3 major game publishers NEXON, NCSoft, and Netmarble have come to dominate the Korean market. The South Korean gaming industry is stronger than ever. Especially role-playing games where 90% of all mobile gaming revenue came from this genre. Therefore there is a high demand for all forms of gaming. Furthermore, Korea has over 35 million smartphone users. Currently, mobile gaming is more common in Korea than console gaming or PC gaming. Now, the top South Korean gamers participate in games like Overwatch, FIFA Online, League of Legends, and more. South Korea was the birthplace of e-sports thanks to the popular Blizzard game Starcraft. They have businesses just for people to play computer games (PC Bang). Over 50% of South Koreans play games on their smartphones. Who are the top Korean gaming companies for 2022? When people think about the Korean market, K-pop, K-Beauty, and gaming are the top industries that come to mind.
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