Netmarble sees tailwind from new titles, BTS comeback

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Netmarble sees tailwind from new titles, BTS comeback - Korea Economic Daily

Quick Summary:

Buoyed by the upbeat outlook, the second largest shareholder of HYBE Co., the company behind the boy band, is renewing efforts to list its wholly-owned game studio Netmarble Neo Inc.on the Kospi main bourse after shelving the plan in 2021 due to sluggish earnings.“This year will be a turning point for Netmarble to make a new leap forward,” said Kim Kim Byung-kyu, CEO of the game publisher, at an annual general meeting (AGM) on Monday.

Kwon, head of Neomarble Neo, will focus on the game studio, well-known for popular games such as “Solo Leveling: ARISE,” “Lineage 2: Revolution” and “Ni no Kuni: Cross Worlds.”He will also continue to be involved in Netmarble’s strategic decisions as a member of its newly launched management strategy committee.

This year, it is set to release nine new titles, including mobile game “Game of Thrones: KingsRoad” and console game “The Seven Deadly Sins: Origin.” They are expected to further solidify its global position, he added.