[Featured Stock] NCSoft Shares Rise Over 7% on New Game and Restructuring Expectations

Game company NCSoft is showing a significant surge in its stock price on the 23rd due to high expectations for the success of its new game and restructuring efforts.

As of 2:50 PM on the same day, NCSoft's stock price stood at 211,000 KRW, up 7.74% from the previous day's closing price. The stock began rising in the morning session and has continued to expand its gains throughout the trading day.

There are forecasts that the company's performance will hit bottom in the third quarter and improve due to the success of the new game. Samsung Securities stated in a report that the global success of the new title, "Throne and Liberty (TL)," is expected to cause the performance to bottom out in the third quarter and rebound. They also evaluated that the new games scheduled for release in the fourth quarter of this year and the first half of next year have increased chances of success.

Expectations that profitability will improve through restructuring are also positively influencing the stock price. NCSoft has decided to conduct a large-scale voluntary retirement program for the first time in 12 years and disclosed the program on the afternoon of the same day.