[Featured Stock] Webzen Hits 52-Week High... Momentum from New Releases Including 'MU Monarch 2' Highlighted

First Weekly Price Above 20,000 Won Since 2023 in Sight
'MU Monarch 2' Launch Imminent... 'Dragon and Warrior' Also Awaiting Release
Lack of MMORPG Competition in Second Half, Anticipation for Webzen's New Lineup

Webzen has hit a new 52-week high. It appears to be influenced by the spotlight on new project momentum, especially among securities firms.

As of 9:25 AM on the 13th, Webzen is trading at 18,890 KRW, up 9.83% (1,690 KRW) from the previous day. This surpasses the previous 52-week high of 18,470 KRW set in February. It has also taken a step closer to the 20,000 KRW mark, which it has not exceeded even once since 2023.

Seungho Choi, a researcher at Sangsangin Securities, analyzed, “With second-quarter sales of 47.9 billion KRW, down 22% from the previous quarter, and operating profit of 11.7 billion KRW, down 35% during the same period, the results met market expectations. The main reason for the decline in performance is the natural downward stabilization of MuMonarch, with Mu intellectual property (IP) sales dropping from 44.1 billion KRW in the first quarter to 31.8 billion KRW in the second quarter.”

Jaemin Ahn, a researcher at NH Investment & Securities, said, “Most of the games utilizing the Mu IP that Webzen has released in Korea over the past few years?MuMonarch (2023), Mu Origin 3 (2022), Mu Archangel (2021), and R2M (2020)?have ranked high in domestic game app store sales charts. The fact that there are no competing MMORPGs scheduled for release in the second half of the year is also positive.” Webzen has confirmed the release name of ‘Project S’ as ‘Yonggwa Jeonsa’ and completed BI registration, accelerating the launch of another new title. It is expected to release at least three self-developed new titles by 2025.