[Concall] Netmarble "Declining Labor Costs... Will Continue Cost Management"

Dogiwook, Chief Financial Officer (CFO) of Netmarble, stated during the Q2 earnings conference call on the 8th, "Personnel expenses have continued to decline through workforce efficiency improvements, with the average quarterly personnel expenses decreasing from 194.9 billion KRW in 2022 to 181.1 billion KRW in the first half of this year."

He continued, "Marketing expenses were maintained at around 19% until last year, but through strengthening marketing capabilities focused on key countries, we achieved a 17.9% ratio in the first half of this year despite launching three new titles including Alone Level Up: Arise."

CFO Do added, "We will not be complacent with the current level and will continue to achieve steady performance growth through ongoing cost management."