Nexon Games Officially Launched, NetGames-Nexon GT Merger Completed

[Asia Economy Reporter Seungjin Lee] Netmarble Games and Nexon GT announced on the 31st that they have completed their merger and officially launched the integrated corporation, Nexon Games.

With the merger of the two companies, Nexon Games will launch as a large-scale game developer with about 1,000 employees. Nexon Games will focus on creating synergy between the existing development capabilities of Netmarble Games and Nexon GT, while building the best multi-platform development environment covering PC, mobile, and console. Additionally, it plans to maximize management performance by sharing the IT infrastructure previously operated separately by Netmarble Games and Nexon GT, and by unifying investments in facilities and research and development (R&D).

Nexon Games will not only ensure stable development of live games such as the representative FPS game "Sudden Attack," the mobile MMORPG "V4," and the collection-type RPG "Blue Archive," which ranked high in major app market popularity charts and received great response from subculture users, but will also accelerate new game development in the future.

This year, it plans to release the sequel MMORPG to its flagship IP "HIT," titled "HIT2," and the third-person shooting game "Project D," characterized by strategic 5 versus 5 battles. It is also preparing various large-scale new titles including the root shooter genre "Project Magnum."

Park Yong-hyun, CEO of Nexon Games, said, "Nexon Games' greatest asset is its developers who have top-level experience and skills across various genres," adding, "We will devote ourselves to developing high-quality new titles that combine the development know-how of both organizations, and through platform and genre expansion, we will leap forward as a leading domestic developer."

Netmarble Games and Nexon GT decided on the merger through their boards of directors in December last year to maximize synergy in development capabilities and strengthen global competitiveness. Subsequently, the merger agenda was approved at an extraordinary shareholders' meeting on February 8.

Meanwhile, at the regular shareholders' meeting held on March 25, Nexon Games appointed Lee Jung-heon, CEO of Nexon Korea, Shin Ji-hwan, former CEO of Nexon GT, and Kim Myung-hyun, development director of Nexon GT, as new inside directors. In particular, Lee Jung-heon, CEO of Nexon Korea, will strengthen organic collaboration with Nexon Korea through joining the Nexon Games board of directors and focus on enhancing global competitiveness.