SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation 
iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures 
Biren Technology Targets Hong Kong IPO to Raise $300 Million Amid China’s AI Chip Push 
Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track 
Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand 
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
EU Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute 
Trump Sues BBC for Defamation Over Edited Capitol Riot Speech Clip 
Treasury Wine Estates Shares Plunge on Earnings Warning Amid U.S. and China Weakness 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
EU Signals Major Shift on 2035 Combustion Engine Ban Amid Auto Industry Pressure 
Sanofi’s Efdoralprin Alfa Gains EMA Orphan Status for Rare Lung Disease 
FDA Says No Black Box Warning Planned for COVID-19 Vaccines Despite Safety Debate 
FAA Unveils Flight Plan 2026 to Strengthen Aviation Safety and Workforce Development 
Nvidia Develops New Location-Verification Technology for AI Chips 
Netmarble Corporation, a South Korean mobile game developer which is also considered the largest mobile-gaming firm in the country, is set to release three new games, and the drops are starting in July.
According to The Korea Times, Netmarble is aiming to put a stop to its losses by launching new game titles. The company has been continuously losing money, and it expects the upcoming game releases to end its financial challenges and start earning again.
It was added that the move is part of its efforts to make up for the recent poor business performance. The mobile gaming giant’s chief executive officer, Kwon Young Sig, revealed on Thursday, June 1, that they posted huge operating losses for five consecutive quarters since Q1 of 2022.
To get back on track, Netmarble will launch new games in South Korea and other parts of the world. Likewise, the CEO stressed that they are not only looking at the domestic market, but the goal is to bring the games to the global stage.
"Through the showcase today, we are introducing our new games. These games are accessible to everyone and feature immersive gameplay,” CEO Kwon Young Sig said in a statement. “We expect them to perform well in the global market thanks to their low entry barrier, animated artwork and excellent game strategy."
Kwon revealed that the three titles are the “Tower of God: New World,” “Seven Knights Idle Adventure,” and the “Grand Cross: Age of Titans.” He explained that the first title is actually based on the online webtoon "Tower of God," which has been viewed more than six billion times by fans around the world.
The Korea Herald mentioned that this popular webtoon was first published in July 2010 on Naver. The game version created by Netmarble will arrive in July, and it will be playable on PC as well.
"All three will be released in the global market. Some of the games are very popular in Korea, some are popular genres in Western countries, so we expect them to do well, and some are based on IPs that are very popular in Asia,” the CEO added. “We hope to do well by creating games that gamers who love each IP and genre can have fun with."
Photo by: Netmarble Website
