[Asia Economy Reporter Hyunseok Yoo] Webzen's stock price surged as news spread that a game jointly developed with a Chinese game developer had obtained a game license, ahead of the game's release in China.
As of 10:46 AM on the 2nd, Webzen was trading at 28,650 KRW, up 18.39% (4,450 KRW) compared to the previous trading day. Action Square, classified as a Chinese game license-related stock, rose 14.04%, and Longtu Korea also increased by 7.22%.
According to the China National Radio and Television Administration, on the 1st (local time in China), Webzen and Chinese company Tianma Shigong, the developer of Mu Origin, obtained the Chinese domestic game license for the sequel to Mu Origin, titled "Quanmin Qiji 2".
With Tianma Shigong's acquisition of the domestic license, it has become possible for games using Korean game IP to enter the Chinese market, drawing attention to game stocks planning to expand into China.
Action Square plans to release the global version of the hit domestic game "Samguk Blade" in the second half of the year, with expectations for its release in the Chinese market as well.
Longtu Korea is currently conducting a pre-registration event for the major MMORPG "Bless Eternal," which will be released first domestically and is also planned for service in China.
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