Nexon – Startup Story | Founder| CEO | Funding | History | Competitors


Nexon
Nexon - Startup Story | Founder| CEO | Funding | History | Competitors
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Introduction:

Nexon Co., Ltd. is a Japanese online game writer that focuses on online video games for PC and cell. It continues with over eighty titles. Nexon become based in Seoul, South Korea in 1994 with the aid of using Kim Jung-ju and Jake Song. In 2005, the organization moved its headquarters to Tokyo, Japan.

As of March 2022, it’s miles the second biggest recreation organization in South Korea after Krafton, in addition to the fourth-biggest video game organization in Asia outdoor of Japan in phrases of sales and marketplace capitalization, after Tencent Games, NetEase, and Krafton, beforehand of Netmarble, 37 Entertainment, and NCSoft.

About Nexon:

NEXON Co., Ltd. engages withinside the improvement of unfastened to play online and cell video games. It develops pictures primarily based totally vastly multiplayer online video games and makes use of the idea of micro transactions and the unfastened-to-play enterprise model. It operates via the PC Online and Mobile enterprise divisions.

The PC Online enterprise department handles the manufacturing, improvement, and distribution of PC online video games. It additionally gives consulting enterprise associated with PC video game distribution, recreation commercial enterprise, and vending enterprise. The Mobile enterprise department covers the improvement and distribution of cell video games that play on terminals together with smartphones and tablets.

As of March 2022, it’s miles the second biggest recreation organization in South Korea after Krafton, in addition to the fourth-biggest video game organization in Asia outdoor of Japan in phrases of sales and marketplace capitalization, after Tencent Games, NetEase, and Krafton, beforehand of Netmarble, 37 Entertainment, and NCSoft.

Nexon Founder & Team:

Nexon founder Kim Jung-ju image
(Image Source: hindian.net)

The organization become based on December 18, 2002, and is based in Tokyo, Japan. Nexon become based in Seoul, with the aid of using Kim Jung-ju and Jake Song

In January 2022, Russo brothers-owned movie manufacturing organization AGBO offered a $four hundred million minority stake to Nexon, that’s valued at $1.1 billion as Nexon takes a 38% stake. In February 2022, it become said with the aid of using Bloomberg that Saudi Arabian-primarily based totally Public Investment Fund had bought simply over a five% stake in Capcom and Nexon, reportedly worth $883 USD million, even as American funding organization KKR received an 8.five% stake.

Nexon History:

Nexon Group become hooked up in Seoul, South Korea on December 26, 1994, and is presently primarily based totally in Japan. It additionally has places of work positioned in South Korea, the United States, Taiwan, and Thailand.[6] Nexon advanced and posted its first name, Nexus: The Kingdom of the Winds, in 1996, which the organization maintains to provide. Many name releases were observed together with Dark Ages: Online Roleplaying, Elemental Saga, QuizQuiz, KartRider, Elance, and Shattered Galaxy; a number of them are maintained with the aid of using an organization spun off of Nexon, Kru Interactive.

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In 2003, Wizet advanced MapleStory in Korea, which later have become one of their maximum hit titles and has been serviced for extra than a decade. The recreation become localized in lots of places together including Japan, China, Taiwan, Thailand, Singapore, North America, Europe, Brazil, and Vietnam. Nexon is likewise the developer of Dungeon & Fighter, via its utterly owned subsidiary, Neople. Dungeon & Fighter is one of the maximum famous unfastened-to-play online PC video games in China.

In April 2013, the programmer “DrUnKeN ChEeTaH” become sued with the aid of using Nexon America for working GameAnarchy, a famous subscription-primarily based totally cheat issuer for Combat Arms. Nexon become awarded $1.4M in damages. Nexon went public at the Tokyo Stock Exchange on December 14, 2011, in a preliminary public offering, the biggest in Japan for 2011 and the second one biggest with the aid of using a technological organization for 2011 international.

On March 9, 2016, Nexon received Big Huge Games, a cell recreation developer in Maryland. On January three, 2019, the Korea Economic Daily said Nexon founder Kim Jung-ju and buddies have placed their 98.64-percentage stake up for sale. However, on July 8, 2019, Reuters said the plan become abandoned. On November 25, 2019, The Lego Group introduced the purchase of Bricklink, the sector’s biggest Lego fan network from Nexon, for an unknown price, that’s anticipated to complete earlier than the stop of 2019.

Nexon image
(Image Source: gamesindustry.biz)

Nexon Revenue:

  • In the primary zone of 2022, online gaming organization Nexon said sales of over ninety-one billion yen. 
  • In 2021, the organization generated extra than ¥one hundred billion working coins flow, or about US$1 billion.

Nexon Funding & Investors:

  • Nexos has raised a complete $61.9M in investment over three rounds. Their present-day investment become raised on Mar 11, 2022, from a Post-IPO Equity round.
  • Nexon is registered below the ticker TYO:3659. Nexon is funded with the aid of using 2 investors. Saudi Arabia’s Public Investment Fund and Insight Partners are the maximum current investors.
  • Nexon has made 14 investments.
  • Their maximum current funding become on Jan five, 2022, while AGBO raised $400M.Nexon has had four exits. 
  • Nexon’s maximum first-rate exits encompass Embark Studios, Rumble, and 6Waves.
  • Nexon has received four organizations. Their maximum current acquisition become Embark Studios on Jul 2, 2019. They received Embark Studios for $96M.
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Nexon Business Model:

NEXON Co., Ltd. engages in the improvement of unfastened play online and cell video games. It develops pictures primarily based totally vastly multiplayer online video games and makes use of the idea of micro transactions and the unfastened-to-play enterprise model. It operates via the PC Online and Mobile enterprise divisions. The PC Online enterprise department handles the manufacturing, improvement, and distribution of PC online video games.

It additionally gives consulting enterprise associated with PC video game distribution, recreation commercial enterprise, and vending enterprise. The Mobile enterprise department covers the improvement and distribution of cell video games that play on terminals together with smartphones and tablets. The organization become based on December 18, 2002, and is based in Tokyo, Japan.

On June 2, 2020, Nexon introduced plans to invest $1.five billion in indexed enjoyment companies. By March 2021, Nexon had deployed $874 million of that quantity on investments into Hasbro, Bandai Namco Holdings, Konami, and Sega Sammy Holdings. Nexon said that they have got no hobby in outright obtaining or taking activist investor positions in those companies.

Services Offered through Nexon:

Nexon continues diverse places of work around the sector that have interaction within the publishing and/or improvement of Nexon’s video games. Each region’s nearby consolidated subsidiaries are independently controlled and are accountable for growing their personal method for or their merchandise and services.

The subsidiary that publishes a recreation does now no longer always imply the region(s) that recreation is to be had in. For example, a number of Nexon Korea’s video games are posted immediately with the aid of using Nexon Korea but are to be had international without a separate provider posted below the nearby consolidated organization’s portfolio.

Nexon Awards & Recognition:

Nexon Asia Pacific has received the Outstanding Cloud Initiative Award withinside inaugural Australia and New Zealand NetApp Partner Awards, hung on November 12, 2015. The award recognizes Nexon Asia Pacific’s particular technique for a mixed Office 365 and telephony answer constructed on a NetApp-powered cloud.

Nexon Competitors:

Nexon’s pinnacle competition encompasses Koei Tecmo, Avalanche Studios, Obsidian Entertainment, and Valve Software.

Nexon Latest News:

  • Jun 24, 2022: Times of India — Tata’s Nexon e-automobile catches hearthplace, co & government begin probe
  • Jun 23, 2022: BGR India — Tata Nexon EV catches hearthplace in Mumbai, organisation responds to accident
  • Jun 23, 2022: The Economic Times — Tata Motors probing Nexon EV hearthplace; Pine Labs acquires Setu
  • Jun 16, 2022: PocketGamer — Nexon eyes a multimedia western growth for its largest franchises
  • Jun 14, 2022: PR Newswire — Couchbase Capella Selected with the aid of using Global Gaming Leader Nexon to Build Games Faster with Greater Developer Agility
  • Jun 12, 2022: Reuters — Japan recreation massive Nexon plots western growth
  • May 11, 2022: ETtech.com — Tata Nexon EV Max with 437 km variety launched, priced Rs 17.seventy four lakh onwards
  • May 9, 2022: GamesIndustry.biz — Correction: Nexon management stays unchanged
  • May 6, 2022: PocketGamer — Correction: no alternate in CEO obligations for Nexon or NXC
  • May 6, 2022: pocketgamer.biz — Nexon proclaims overdue founder’s widow as new CEO
  • Mar 17, 2022: Economic Times — Tata Motors hikes costs of Nexon EV with the aid of using Rs 25,000
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Nexon Future Plans:

The Japanese author of one of the longest-strolling online role-gambling titles, whose maximum famous online game has attracted almost a thousand million registered users, is gearing up for international growth and placing its points of interest in the west.

FAQs about Nexon:

Is Nexon a Korean organization?

Nexon Korea Corporation hooked up Nexon US Holding Inc. withinside the U.S.A. Established Nexon Studios, Inc. withinside the U.S.A.

Which usa owns Nexon?

Jung-Ju Jay Kim, founding father of South Korean gaming organization Nexon, has surpassed away at age 54.

Is Nexon a very good organization?

Tata Nexon is sincerely a very good automobile, however on the grounds that you’re looking particularly for what’s wrong, right here is the list: Petrol engine is truly dull, the auto feels lots below-powered with it. The automobile is properly constructed and heavy which is ideal in a single manner however places a variety of stress on the engine which isn’t desirable enough.

What enterprise is Nexon?

A pioneer withinside the global interactive enjoyment software, Nexon become based in 1994 and delivered a number of the most important improvements in our enterprise consisting of the sector’s first image vastly multiplayer online role-gambling recreation (MMORPG) and the primary unfastened-to-play recreation.

Who is the CEO of Nexon?

Owen Mahoney.

Who designed Nexon?

Pratap Bose.

How many games does Nexon have?

Nexon Co., Ltd. (Korean: 주식회사 넥슨/Japanese: 株式会社ネクソン) is a Japanese (formerly South Korean) video game publisher that specializes in online games for PC and mobile. It maintains over 80 titles.

How do I add games to Nexon launcher?

Once you have Nexon Launcher, just login with your Nexon account. A prompt will appear asking you to import your existing MapleStory installation into your Nexon Launcher game library. Click ‘OK’. Navigate to the MapleStory game page in Nexon Launcher.

Conclusion:

These are all approximately Nexon Co., Ltd. Nexon signed with Bandai Namco Holdings, Square Enix, and Microsoft for a 10-yr Japanese–South Korean video gaming partnership agreement for media franchises via 2032, for instance, HoPals Echoes crossover project. Nexon, which become recognized to be the biggest online game organization in South Korea, become overtaken with the aid of using Krafton in July 2021.


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Sai Sandhya