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Top related persons:
Vera German - 1 NCsoft - 1 Nexon - 1
Top related locs:
Korean South Korea London Korea
Top related orgs:
Esports - 1 CNBC Pro - 1 Investor Conference - 1 South Korean - 1

Search resuls for: "NCsoft"


5 mentions found


☆ Top value investor names 'very cheap' global gaming stock as a contrarian bet
  + stars: | 2024-05-21 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +3 min
While NCsoft shares are only traded in South Korea, they are accessible to U.S. and European investors through ETFs. The company's shares have been hit hard over the past few years, with the stock price declining significantly from its peak in 2021 and falling 40% over the past 12 months. German, co-manager of the Emerging Market Value strategy at Schroders , attributes the sell-off to several factors. In addition, NCsoft also announced a cost-cutting program and a share buyback program earlier this month which have already boosted the company's stock price by around 10%. Most analysts have a hold rating on the stock, giving shares only a 2% upside, according to FactSet data.
Persons: Vera German, NCsoft, Nexon Organizations: Esports, CNBC Pro, Investor Conference, South Korean Locations: Korean, South Korea, London, Korea
☆ South Korea fines Google $32 million for blocking release of games on competitor’s platform
  + stars: | 2023-04-11 | by ( ) www.reuters.com   time to read: +1 min
SEOUL, April 11 (Reuters) - South Korea's antitrust regulator has fined Alphabet Inc's (GOOGL.O) Google 42.1 billion won ($31.88 million) for blocking the release of mobile video games on a competitor's platform. The KFTC said the move against the U.S. technology giant is part of efforts by the government to ensure fair markets. Game makers affected by Google's action include Netmarble (251270.KS), Nexon (225570.KQ) and NCSOFT (036570.KS), as well as other smaller companies, the antitrust regulator added. In 2021, Google was fined more than 200 billion won by the KFTC for blocking customised versions of its Android operating system. ($1 = 1,320.4200 won)Reporting by Hyunsu Yim; Editing by Kenneth MaxwellOur Standards: The Thomson Reuters Trust Principles.
☆ South Korea fines Google $32 mln for blocking release of games on competitor’s platform
  + stars: | 2023-04-11 | by ( ) www.reuters.com   time to read: +1 min
SEOUL, April 11 (Reuters) - South Korea's antitrust regulator has fined Alphabet Inc's (GOOGL.O) Google 42.1 billion won ($31.88 million) for blocking the release of mobile video games on a competitor's platform. The KFTC said the move against the U.S. technology giant is part of efforts by the government to ensure fair markets. Game makers affected by Google's action include Netmarble (251270.KS), Nexon (225570.KQ) and NCSOFT (036570.KS), as well as other smaller companies, the antitrust regulator added. In 2021, Google was fined more than 200 billion won by the KFTC for blocking customised versions of its Android operating system. ($1 = 1,320.4200 won)Reporting by Hyunsu Yim; Editing by Kenneth MaxwellOur Standards: The Thomson Reuters Trust Principles.
☆ China to import 45 foreign video games, grants multiple licenses to Tencent
  + stars: | 2022-12-29 | by ( ) www.cnbc.com   time to read: +1 min
China's video games regulator granted publishing licenses to 45 foreign games for release in the country including seven South Korean games, further lifting rigid curbs that have hammered the industry for 18 months. South Korean gaming stocks, including Netmarble, NCSOFT, Krafton, Kakao Games and Devsisters jumped between 2% and over 17% in morning trade on Thursday, a day after Chinese authorities granted publishing licenses. Among the imported online games approved by the National Press and Publication Administration are five to be published by Tencent Holdings such as "Pokémon Unite" by Nintendo and "Valorant" by Riot Games, according to a list the regulator released. The regulator also approved 84 domestic games for the month of December, according to a separate list released on Wednesday. The approval of imported games effectively marks the end of Beijing's crackdown on the video games industry which began last August when regulators suspended the game approval process.
☆ China to import 45 foreign video games, grants multiple licences to Tencent
  + stars: | 2022-12-28 | by ( Josh Ye | ) www.reuters.com   time to read: +3 min
BEIJING, Dec 29 (Reuters) - China's video games regulator granted publishing licences to 45 foreign games for release in the country，including seven South Korean games, further lifting rigid curbs that have hammered the industry for 18 months. The approval of imported games effectively marks the end of Beijing's crackdown on the video games industry which began last August when regulators suspended the game approval process. Unlike in most other countries, video games need approval from regulators before release in China, the world's largest gaming market. Other imported games approved include CD Projekt's (CDR.WA) "Gwent: The Witcher Card Game" and Klei Entertainment's "Don't Starve". China approved 76 imported games in 2021 and 456 in 2017.
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