Korean IT giants drop fandom platforms, help HYBE dominate

Q: How long will it take to read this news story?

The story "Korean IT giants drop fandom platforms, help HYBE dominate" has 529 words across 29 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Korean IT giants drop fandom platforms, help HYBE dominate" was covered 1 weeks ago by Korea Economic Daily, a news publisher based in South Korea.

Q: How trustworthy is 'Korea Economic Daily' news outlet?

Korea Economic Daily is a fully independent (privately-owned) news outlet established in 1964 that covers mostly economy news. The outlet is headquartered in South Korea and publishes an average of 12 news stories per day. It's most recent story was published ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #22254105</li><li>URL: https://beamstart.com/news/korean-it-giants-drop-fandom-17246549362447</li></ul>

Korea Economic Daily Logo Korea Economic Daily 1w ago

Korean IT giants drop fandom platforms, help HYBE dominate - Korea Economic Daily

Quick Summary:

South Korean game developer Neowiz sold its fan engagement platform unit, joining the move of local information technology giants such as Naver Corp.to withdraw from the business and allow HYBE Co., the label behind global K-pop sensation BTS, to dominate the sector.

TNK Factory, Neowiz’s other subsidiary, has been operating the Fab, Neowiz Lab’s fandom platform, since 2022.“The move was to focus on our mainstay game business,” said a Neowiz official when asked the reasons for the sale.

NAVER, NCSOFTNaver, South Korea’s top online platform operator, transferred its fandom platform service V Live in 2022 to Weverse Company Inc., HYBE’s subsidiary operating the dominant fandom platform Weverse.