Top 10 Korean Gaming Companies

Oct 21, 2020 12:07 PM ET

Oct 21, 2020 8:07 AM ET
iCrowd Newswire – Oct 21, 2020

Approximately 50% of Korean population plays games on their smartphones. There is no other place in the entire world where people would play games on such a large scale. There are roughly over 35 million of users of smart phones in the country hence the market for gaming industry is huge. It is proved that over 90% of all players adore role games. For that reason, such a huge market has to be fulfilled somehow. Here is the list of top server lineage 2 interlude Korean gaming companies:

1. Nexon Korea

Nexon is the probably the largest gaming company in Korea as well as the largest publisher. Most recently, the company invested USD 30 million in Wonder Holding by purchasing 11% of the company’s stake. Current capitalization of Nexon exceeds USD 16 billion, which is a remarkable achievement.

2. Gravity

Gravity is one of the largest gaming companies in Korea. This is the only company from Korean gaming industry that is listed on NASDAQ. The company rapidly becomes global by strengthening its technologies, developments and researching foreign markets. It created its branches in Russia, the US and in European countries. In 2020 it concentrates on developments in its studio in Thailand as well as in the last year generated profits of over USD 41 million.

3. Netmarble

The company has reached larger success abroad but not in Korea. Annual sales of the company ensure the revenues of over USD 2 billion. The most successful releases in the last year are: A3: Still Alive, Seven Knights 2 as well as The King of Fighters All-Star. The company heavily invests in in infrastructure of wireless networks to be comfortable for the next two decades of providing service and generating additional revenues.

4. NCSoft

The company has two major projects called Lineage и Guild Wars and lots of other smaller ones that generate revenues from the mobile game industry in Korea. Last year, revenues from two major games fell sharply but it did not affect the company’s revenues by any means. In 2020 NCSoft reported a record quarterly income of USD 600 million.

5. Smilegate

A minor division of Smailegate Company called Smilegate RPG plans to run IPO, which most likely to be a major success. The company’s most successful game is Lost Ark, which is regarded as the fifth most popular game in Korea. The company is also known for its game called Crossfire which has more than a billion players worldwide and perceived as the number one marksman from the first-person perspective.

6. Pearl Abyss

The company has reached substantial success for the last 10 years since it was launched. The most famous company’s product is MMORPG with its open-world called black Desert Online. The game has more than 150 million users and thanks to this game the company’s revenues have doubled. Most recently, Pearl Abyss bought a company from Island called CCP Eve online and paid as much as USD 425 million. The revenues of the Korean company in 2019 increased by 250% and in the following year, the government of Singapore bought 11% of the company’s shares.

7. Krafton Game Union

The company is regarded as one of the largest ones most successful in Korea. In 2019 the company recorded a revenue of USD 1.5 billion. It also owns several other smaller gaming companies such as Red Sahara, Delusion Studio, Bluehole Squall, En Masse Entertainment. Most recently the company has introduced Mini Life, which enhances the best MMO where people can download their photos and group it with friends. Such function allows mixing real and virtual worlds in the games.

8. Gamevil Com2us

Gamevil was launched 20 years ago and then become public. In 2013 the company merged with Com2us but on the Korean market, they work separately. Gamevil has more than 500 million downloads annually, whereas its partner company is most famous for the game called Summoners war. Since the companies merged the revenues from this game reached more than a billion dollars. The most recent successful game of the company is Talion, which has already been launched in the US and Great Britain.

9. DoubleU Games

The company is famous for making software for online casinos but it is also very successful in the gaming industry and games for mobile devices. The company aims its products on games on social networks such as Facebook and the others. In the last year, the revenues have reached over USD 500 million, whereas market capitalization amounts to more than USD 1 billion.

10. Neowiz

The company was created in 2007 and has reached major success in the gaming industry. It has a partner agreement with the company called EA, which enables them to enter the Japanese market and have their products being run on PS. Their major product is MMORPG Bless, which is already launched for Xbox. Most likely that the game will also be available for PC users by the use of a team platform.