Korea

Warner Bros. Pre-DVD VOD in Korea Aimed at Curbing Piracy

Authored by Mark Hefflinger on October 3, 2008 - 10:36am.

Los Angeles - Time Warner's (NYSE: TWX) Warner Bros. Digital Distribution unit plans to try to curb piracy of its films in South Korea by making them available on video-on-demand systems two weeks before they are released on DVD in the country, Variety reports. "According to the Korean Film Council, more than 47% of people surveyed said they had downloaded movies from the Internet at least once," Harrison Lee, managing director of Warner Home Video Korea, told Variety.

tags: VOD | Piracy | Korea | Movies | DVD | Warner Bros. |

Google Acquires Korean Blogging Platform Firm TNC

Authored by Mark Hefflinger on September 12, 2008 - 8:44am.

Mountain View, Calif. - Google (NASD: GOOG) has acquired Korea-based blogging software platform company TNC for an undisclosed sum.

OGPlanet Gets Funding for Imported Korean Online Games

Authored by Mark Hefflinger on July 16, 2008 - 8:35am.

El Segundo, Calif. - OGPlanet, a publisher of multiplayer online games, announced on Wednesday that it has received an undisclosed sum of new funding from DFJ Athena, which the company said will be used for continued growth.

tags: Games | Deals | VC | Korea | OGPlanet | MMOG | DFJ Athena |

China's The9 Forms Joint Venture With "Audition" Developer T3

Authored by Mark Hefflinger on July 7, 2008 - 12:30pm.

Shanghai, China - Chinese online game operator The9 Limited announced on Monday that it will establish a joint venture with Korean game developer T3 Entertainment -- creators of the "Audition" massively multiplayer online game -- to further strengthen their partnerships in the areas of game development and publishing. Through the joint venture, The9 will be more proactively involved in the development of "Audition 2" and other titles, both for China and other international markets.

Electronic Arts Buys Assets of Hands-On Mobile Korea

Authored by Mark Hefflinger on May 22, 2008 - 8:19am.

Redwood City, Calif. - Video game developer and publisher Electronic Arts (NASD: ERTS) announced on Thursday that it will acquire the assets of Hands-On Mobile Korea, the Korean mobile game development unit of the U.S.-based company.

Korea's LG, Samsung Team on Mobile TV Standard

Authored by Mark Hefflinger on May 14, 2008 - 10:22am.

Seoul, Korea - Korean electronics makers LG and Samsung announced on Wednesday that they have partnered to develop a new mobile TV delivery standard for the North American market, as the standards body for the region prepares to adopt a technology in early 2009.

tags: Mobile | Video | Mobile TV | TV | Korea | Samsung | LG | ATSC |

Casual Multiplayer Game Publisher Outspark Secures Funding

Authored by Mark Hefflinger on April 10, 2007 - 9:36am.

*A clarification has been made to the original version of this story.

San Francisco
- Outspark, a publisher of casual, multiplayer online games, announced on Tuesday that it has raised an undisclosed sum in its first round of financing, led by Altos Ventures and DCM.

Korean YouTube Competitor Pandora TV Gets $10 Million From DCM

Authored by Jay Baage on April 2, 2007 - 9:48am.
Seoul, South Korea - Today, Pandora TV will announce a $10 million Series B funding round, led by DCM (formerly known as Doll Capital Management) - a Silicon Valley venture capital firm. Existing investors Altos Ventures, STIC International and Saehan Ventures also participated in the round. PandoraTV is a fast growing South Korean video-sharing website.  It is already outpacing YouTube in Korea with more than 1.2 billion monthly page views.  
tags: Deals | Internet | Video | Korea | Investing | YouTube | UGC | DCM |

Electronic Arts Takes 19% Stake in Korean Online Games Firm Neowiz

Authored by Mark Hefflinger on March 20, 2007 - 11:22am.

Redwood City, Calif. - Video game developer and publisher Electronic Arts announced on Tuesday that it will invest $105 million for a 19% stake in Korean online game developer Neowiz.

Korea's Webzen Taps The9 to Publish "Huxley" Online Game in China

Authored by Mark Hefflinger on February 13, 2007 - 1:19pm.

Seoul, South Korea - Korean online game developer Webzen announced on Tuesday an agreement with The9, to publish its massively multiplayer game "Huxley" in China. Webzen expects to gain an estimated $35 million from the deal, which it says is the largest for a Korean game developer for a single game in a single country. "Huxley" is slated to launch in Korea later this year; no launch date for China was announced.

tags: Games | Korea | Webzen | China | The9 | MMORPG | Huxley |

K2 Network to Publish Korea's Most Popular Online Game in U.S., Europe

Authored by Mark Hefflinger on January 23, 2007 - 1:38pm.

Irvine, Calif. - Online game publisher K2 Network said on Tuesday that it will launch Korea's most popular massively multiplayer online game in the U.S. "Granado Espada" was developed by imcGames, which also created "Ragnarok Online," and licensed to K2 from Hanbitsoft. The game will be re-titled "Sword of the New World" for the U.S. and European markets, where it is set for release in the summer.

Korea's Gravity Licenses "Emil Chronicle Online" Game in China

Authored by Mark Hefflinger on January 17, 2007 - 1:21pm.

Seoul, South Korea - Korean online game developer and publisher Gravity announced on Wednesday that it has signed an agreement with China's The9, to license its massively multiplayer game "Emil Chronicle Online" for play in mainland China. Gravity also recently signed an agreement with Infocomm Asia Holdings, to license the game in Southeast Asia and Oceania. Gravity expects total revenue from "Emil Chronicle Online" in the territories to amount to over $6.8 million over the terms of the agreements.

Korean Online Game Developer Gravity Signs Asia Distribution Deals

Authored by Mark Hefflinger on January 10, 2007 - 1:38pm.

Seoul, South Korea - Korean online game developer and publisher Gravity announced on Wednesday that it has signed agreements to distribute its "Ragnarok Online 2" massively multiplayer online title in China, Taiwan, Macau and Hong Kong. Gravity said the deals, reached with a subsidiary of The9 in China and Gamania Digital Entertainment in the other territories, will generate at least $31.5 million for the term of the contracts.

tags: Games | Korea | China | The9 | Gravity | Ragnarok |

Korea's LG Debuts First Dual Blu-ray, HD DVD Player

Authored by Mark Hefflinger on January 8, 2007 - 2:19pm.

Las Vegas - Korea's LG Electronics on Monday introduced the first device that offers playback of both next-generation DVD formats -- Sony's Blu-ray and Toshiba's HD DVD.

tags: HDTV | Korea | DVD | Blu-ray | HD DVD | LG |

Korean Internet Portal Daum Signs Google for Search Ads

Authored by Mark Hefflinger on December 13, 2006 - 12:57pm.

Seoul - South Korea's Daum Communications announced on Wednesday that it has signed an agreement with Google to use the company's AdSense system to serve search ads on its Internet portal. Daum claims 38 million registered users, and collects more than one-third of its revenues from online advertising. The company also owns Lycos, which it acquired from Terra in 2004, but has recently fallen into second place among Korean portals behind NHN Corp.

tags: Korea | Google | Terra | Lycos | NHN | Daum | AdSense |

U.S., Allies to Ban Sale of iPods, Luxury Items to North Korea

Authored by Mark Hefflinger on November 29, 2006 - 2:40pm.
Washington - The Bush Administration is proposing "luxury" sanctions against North Korea that would prevent the country's leader, Kim Jong Il, from obtaining items like iPods, plasma TVs, expensive cars, caviar and foreign liquors, the Associated Press reported.

Liberty Media Invests in Korean Online Virtual Pets Game "GoPets"

Authored by Mark Hefflinger on November 20, 2006 - 6:27pm.
Seoul, Korea - GoPets, a Korea-based operator of an interactive 3D online world for virtual pets, announced on Monday that it has received an undisclosed sum as a strategic investment from Liberty Media.

FBI Shuts Down Illegal Servers for NCsoft's Online Game "Lineage II"

Authored by Mark Hefflinger on November 20, 2006 - 5:53pm.
Austin, Texas - Following multiple raids in cities from California to Virginia, the FBI has shut down an illegal online game server operation for Korean developer NCsoft's "Lineage II" massively multiplayer online game.

MTV, Nexon Partner on Multiplayer Online Games

Authored by Mark Hefflinger on November 9, 2006 - 2:22pm.
New York - Viacom's MTV Networks announced on Thursday that it has partnered with Korean online game publisher Nexon, to develop MTV's Neopets property and launch Nexon's casual multiplayer online games in North America.

RealNetworks' $350 Million WiderThan Deal Gets South Korean Antitrust Nod

Authored by Mark Hefflinger on October 26, 2006 - 1:57pm.
Seattle - RealNetworks announced on Thursday that South Korean antitrust authorities have cleared its $350 million acquisition of WiderThan, a provider of mobile music services. Seattle-based RealNetworks, which operates digital music services including Rhapsody, announced its intention to acquire the South Korean company in September.