[Featured Stock] NCSoft Rises on Anticipation of New Game Release

[Asia Economy Reporter Kwon Jae-hee] NCSoft is showing strong performance in the early trading session on the 18th amid anticipation for the release of new games.

As of 9:22 AM today, NCSoft is trading at 478,500 KRW on the KOSPI market, up 2.68% from the previous trading day.

During the session, NCSoft's stock price rose to a high of 480,000 KRW before giving up some of the gains.

NCSoft's stock price, which reached 667,000 KRW in early last year, fell to the 300,000 KRW range due to delays in new game releases. Since the second half of the year, the stock has gradually rebounded as news of new game launches emerged.

In the securities industry, the scheduled release of NCSoft's new games, including 'TL', this year is expected to have a positive impact on both stock price and performance.

Kim Hye-ryung, a researcher at Shin Young Securities, said, "This year, NCSoft plans to release 'TL' and four mobile games: 'Blade & Soul S', 'Project G', 'Project R', and 'Puzzup'. Although the current stock price already reflects expectations for 'TL' and the new mobile titles, the global publisher announcement for 'TL' and additional information disclosure for 'Project G' before their releases could act as factors for stock price overshooting."