Page 12 - Ncsoft News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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Korean video gaming companies, grappling with geopolitical risks and regulatory pressure in China over the past few years, are seeing a future in the world’s largest video gaming market with newly granted licenses and more upcoming titles, according to industry insiders and analysts, Thursday.

NCSoft announced an annual revenue of 1.78 trillion won ($1.34 billion) and operating profit of 137.3 billion last week, down 31 percent and 75 percent on year, respectively. Following the earnings announcement, the South Korean game developer held a conference call Thursday to explain last year's financial results. During the call, an analyst castigated the company for a recent change to its reporting practices...

Despite Kakao's official denial of the rumors, speculation continues to circulate among investment bankers and industry insiders. Followi…

We're just 31 days into the new year and layoffs have already caused the video games industry to shrink by over 6,100 jobs.