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Press Releases
  Nexon Group Announces Strategic Partnership with NAT Games, Developer of Mobile Blockbuster RPG HIT
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04/15/2016
 


[This unedited press release is made available courtesy of Gamasutra and its partnership with notable game PR-related resource Games Press.]

TOKYO – April 15, 2016 – NEXON Co., Ltd. (“Nexon”) (3659.TO), a worldwide leader in free-to-play online and mobile games, today announced that its consolidated subsidiary, NEXON Korea Corporation (“Nexon Korea”), has entered into a strategic partnership with mobile game developer NAT Games.

Through this transaction, which formalizes the successful relationship between Nexon and NAT Games, Nexon Korea became the second biggest shareholder, with a 22.4% equity stake. 

“We are thrilled to strengthen our relationship with NAT Games renowned for its outstanding game development skills,” said Jiwon Park, Chief Executive Officer of Nexon Korea. HIT archieved remarkable regional success, and we look forward to continuing our work with NAT Games for HIT’s further success and a seamless global launch.”

Yong-Hyun Park, CEO and Lead Producer of NAT Games, commented, “We are pleased to enter into this partnership. Nexon is the ideal partner to support our global growth. We will continue to improve our development skills and this partnership will enable us to produce unique and high-quality games.”

NAT Games is a mobile game development studio led by CEO and Lead Producer Yong-Hyun Park, who developed popular PC online massively multiplayer online role playing games (MMORPG) Lineage II and TERA. HIT was launched in Korea on November 18, 2015, and was the top selling game on both Google Play and App Store the following day. With 5 million total downloads, HIT will be launched globally in 2016.

In conjunction with the partnership with NAT Games, Nexon decided to make a CB(Convertible Bond) investment in NAT Games’ major shareholder, Barunson E&A. As a part of the transaction, Nexon entered into a publishing contract with Studio 8, a subsidiary of Baruson E&A, for the PC online MMORPG, Astelia.

About NEXON Co., Ltd.

NEXON Co., Ltd. (“Nexon”) (3659.TO) is a worldwide leader in free-to-play online and mobile games. Founded in Korea in 1994, Nexon developed one of the world's first graphics-based massively multiplayer online games. Nexon also pioneered the concept of microtransactions and the free-to-play business model, setting a new standard in which play is free, and users have the option to purchase in-game items to enhance their experience. Nexon currently services nearly 100 titles in more than 190 countries. The Company is headquartered in Tokyo, Japan and its shares are listed on the Tokyo Stock Exchange.

About NAT Games and HIT (Heroes of Incredible Tales)

Renowned for its outstanding game development expertise, NAT Games is a mobile game development company led by Yong-Hyun Park, who developed popular PC Online MMORPG, Lineage II and TERA. NAT Games’ first mobile title HIT is a fully-3D mobile action RPG in which players become knights to save a world covered in total darkness. Using Unreal Engine 4, HIT provides the highest quality graphics available on mobile and the highly-customizable “skill tree system”. HIT's unique “skill tree system” offers immensely satisfying combat through powerful aerial combos, throwing moves, and smashing takedowns. With a story-driven campaign mode, a free-for-all arena (up to 6 players), and massive raids, HIT was launched in Korea on November 18, 2015. It became the top selling game in both Google Play and App Store the following day. With 5 million total downloads as of April 11, 2016, Nexon will launch HIT globally in 2016.

About Astellia

Astellia is built with Unreal Engine 3 and is under development by Studio 8, an affiliate of Barunson E&A. The game is a traditional MMORPG combined with trading card game characteristics. Based on a fantasy world, players can enjoy various battle modes such as PvP and PvE. Yong-Ki Yoon, who participated in development process of Parasite Eve, Guild Wars2, Lineage Eternal, and Archeage, is the CEO and Executive Producer of Studio 8. Hyun-Tae Cheong, who participated in development process of Lineage II, Genesis Apocrypha and Genesis3 is a lead producer of Astellia. Studio 8’s other talented team members include skilled experts who developed large scale MMORPGs such as Blade & Soul, Archeage, AION, and BLESS.

Contact information

Nexon Corporate PR  [email protected]