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NCSoft

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South Korea-based video game developer and publisher
NCSoft Corporation
Native name
엔씨소프트
Company typePublic
KRX:036570
IndustryVideo games
Founded11 March 1997; 28 years ago (1997-03-11)
FounderKim Taek-jin
HeadquartersPangyo, Seongnam, South Korea
Key people
Kim Taek-jin (CEO)
ProductsSee complete list of products
Revenue
  • IncreaseKR₩2.416 trillion (2020)
  • KR₩1.701 trillion (2019)
  • Increase KR₩824 billion (2020)
  • KR₩478 billion (2019)
  • Increase KR₩586 billion (2020)
  • KR₩359 billion (2019)
Total assets
  • Increase KR₩4.081 trillion (2020)
  • KR₩3.346 trillion (2019)
Total equity
  • Increase KR₩3.144 trillion (2020)
  • KR₩2.512 trillion (2019)
Owner
[1]
Number of employees
3100
Websitenc.com
Footnotes / references
[2][3]
Kim Taek-jin, founder and CEO

NCSoft Corporation (stylized asNC, formerly stylized asNCSOFT;Korean:엔씨소프트) is a South Koreanvideo game developer and publisher headquartered inPangyo, Seongnam, South Korea, primarily known for the distribution ofmassively multiplayer online role-playing games such asLineage andGuild Wars.[4]

History

[edit]

NCSoft was founded in March 1997 byKim Taek-jin. In September 1998, NCSoft launched its first gameLineage. In April 2001 the company created a US subsidiary under the name NC Interactive (based inAustin, Texas, and would later become NCSoft West) after acquiringDestination Games, headed byRichard Garriott andRobert Garriott.[5] In 2004, NCSoft launched two MMORPGs,Lineage II andCity of Heroes.[6].In December 2023, NCsoft released the MMPRPG ‘Throne and Liberty’.[7]

The company formed NCSoft Europe in July 2004 as a wholly owned subsidiary with its main office inBrighton, England. They broughtCity of Heroes to several European countries on February 4, 2005, and have since established European service forWildStar andBlade & Soul as well.[8]

On April 26, 2005, NCSoft published Arenanet's first MMO Guild Wars Prophecies as well as Arenanet's follow up campaigns Factions and Nightfall and the expansion Eye of the North. NCSoft also published Guild Wars 2 but stopped being the publisher for Guild Wars 2 in 2015 with the release of Heart of Thorns.[9]

On September 10, 2008, NCSoft announced the formation of NCSoft West, a subsidiary which manages NCSoft's other western organizations, and established its headquarters for that subsidiary in Seattle, Washington.[10] On July 28, 2021, NCSoft announced that it was adding the talents of long-time video game industry veteranJeffrey Anderson (game designer) to its executive leadership team as the new CEO of NCSoft West, overseeing its games business in theAmericas,EMEA, andOceana regions.[11]

On July 8, 2011, NCSoft started talks withSK Telecom to acquire Ntreev Soft Co., Ltd.[12] The talks were expected to last less than a month, but it took seven for NCSoft to complete the acquisition; purchasing 76% of Ntreev's stock for ₩108 billion (US$96.7 million) on February 15, 2012.[13]

In 2011, NCSoft purchased Hotdog Studio, a mobile game studio based inSeoul that produces phone and smartphone titles such asDark Shrine.[14]

In June 2012, NCSoft launchedBlade & Soul, their firstMMORPG sinceAion launched in 2008.[15]

In 2012Nexon acquired a 14.7 percent interest in NCSoft for $688 million.[16] Nexon sold all of its shares of NCSoft in October 2015.[17]

On November 19, 2015, NCSoft West announced the formation of Iron Tiger studios, a developer based in San Mateo, California focused on adapting Korean-made mobile titles for the West, as well as developing their own mobile games.[18]

On August 21, 2020, NCSoft entered the Korean entertainment industry by launching a new subsidiary called "Klap Co., Ltd."[19] Klap and NCSoft launched the entertainment platformUNIVERSE on January 28, 2021.[20]

In March 2022, thePublic Investment Fund of Saudi Arabia acquired a 9.26 percent stake in NCSoft, becoming the company's second largest shareholder after Kim Taek-jin.[1][21]

In November 2023, NCSoft announced that it had signed a strategic partnership withSony Interactive Entertainment.[22] On January 18, 2024, NCSoft wound down and laid off all 70 employees of itsNtreev Soft subsidiary.[23]

NCsoft received theChinese government’s approval for their online games on October 25, 2024.[24][25]

Subsidiaries

[edit]

Current

[edit]

Former

[edit]
NcSoft structure

Controversies

[edit]

Stolen source code

[edit]

On April 27, 2007,Seoul Metropolitan Police said that seven former employees of NCSoft are suspected of selling theLineage IIIsource code to a major Japanese game company.[27] According to NCSoft, the potential damages may exceedUS$1 billion.[28]

Worlds.com patent lawsuit

[edit]

Worlds.com CEO Thom Kidrin claimed the idea of a "scalable virtual world with thousands of users" is patented by his organization[29] and targeted NCSoft forpatent infringement in 2008,[30] in what he says will be the first of many lawsuits against MMO developers.[29] On April 23, 2010, the Worlds.com case settled, but the terms of the settlement were kept confidential.[31] On July 22, 2010, Worlds.com requested the case be reopened.[32]

Richard Garriott termination

[edit]

Richard Garriott, lead developer of the failed MMORPGTabula Rasa, sued NCSoft forUS$24 million in damages concerning his termination from the company. Garriott asserted in his suit that he was forced out of the company and was made to sell his 400,000 shares in NCSoft's stock, costing him millions of dollars. In addition, he claimed that the company was guilty of fraud byforging his resignation announcement.[33] On July 30, 2010, a jury in aTexas federal court awarded himUS$28 million in damages. NCSoft described Garriott as someone "who keeps finding different ways to turn the company into his personal ATM," and that "Garriott left the company voluntarily to catch his ride to the International Space Station." Citing his questionable work ethic and the failure of his video game project despite an $84.4 million investment, NCSoft pulled the plug on the game after which Garriott announced he would be leaving the company. This came after he boarded a much-publicized news on his boarding of a Russian aircraft, which cost $30 million.[34] Garriott again prevailed on appeal and NCSoft was required to pay an additionalUS$4 million, bringing the total damages awarded to Garriott toUS$32 million.[35]

Closure of Paragon Studios andCity of Heroes

[edit]

On August 31, 2012, NCSoftliquidated Paragon Studios and announced the closure ofCity of Heroes. Over 21,000 players signed an online petition contesting the shut-down[36] and many used social media to promote their criticisms.

Major Company Reconstruction in South Korea

[edit]

In 2024, NCSoft underwent significant restructuring in South Korea to tackle its financial challenges. The process began with the closure of its subsidiary,Ntreev Soft, leading to the layoff of 70 employees in January 2024 after enduring an 11-year deficit. Consequently, the development and service ofTrickster M,Pro Baseball H2, andPro Baseball H3 were terminated.[37] On October 21, 2024, NCSoft declared the main branch's overhaul, which includes the formation of new teams into four business divisions, scheduled to be established as official subsidiaries on February 1, 2025.

  • NC AI will oversee all AI development for games and applications, consolidating NCSoft's AI and NLP teams into a single unit, led by the head of NCSoft's NLP research, Lee Yeon-soo.
  • FirstSpark Games orStudio X will inherit the projectThrone and Liberty from TL Heroes and continue its IP development, under the leadership of Choi Moonyoung, one of NCSoft's three chief business officers.
  • BigFire Games orStudio Y will advance the development ofCinder City, guided by Bae Jae-hyun, NCSoft's vice president of game development.
  • Ludius Games orStudio Z will undertake the development of NCSoft's new projectTACTAN, currently in the design phase, led by Seo Min-seok.

In the wake of its restructuring, NCSoft will disband the remaining teams that have not been restructured and halt their projects. This includes the cancellation of the single-player action-adventure RPGProject M and the cessation of the newly released gameBattle Crush. Additionally, the company will conduct staff layoffs and introduce a voluntary retirement program for its employees.[38]

Games

[edit]
YearTitleDeveloperGenreNotes
1998LineageNCSoft (Team L2Live)MMORPG
2003Lineage IINCSoftMMORPG
2004City of HeroesParagon StudiosMMORPGShut down on November 30, 2012.

On January 4, 2024 Homecoming Servers had announced they'd been given a limited license[39] to run their server.

2005Guild WarsArenaNetMMORPG
2006Auto AssaultNetDevilMMORPGShut down on August 31, 2007.
2007Dungeon RunnersNCSoftMMORPGShut down on January 1, 2010.
Tabula RasaDestination GamesMMORPGShut down on February 28, 2009.
ExteelNCSoft (E&G Studios)TPSShut down on September 1, 2010.
2008Point BlankZepettoFPSShut down on July 13, 2011.
2009AionNCSoft (Team Aion)MMORPG
2011Gem KeeperNCSoftTower defense
2012Blade & SoulNCSoft (Team Bloodlust)MMORPG
Guild Wars 2ArenaNetMMORPG
2013Shin Jan Ryu MonNCSoft JapanMahjong
2014WildStarNCSoft (Carbine)MMORPGShut down on November 30, 2018.
2016Love BeatCrazyDiamondDance/Rhythm
Lineage Red KnightNCSoftRPG
2017Final BladeNCSoftRPG
Pro Baseball H2!NTREEV (Baseball Team)SportShut down on March 2024
Master X MasterNCSoft (Studio MXM)MOBAShut down on January 31, 2018.
Lineage MNCSoftMMORPG
AionNCSoftRPG
2019Lineage II MNCSoft (Team L2Live)RPG
2020FUSERHarmonixRhythmShut down on December 19, 2022
2021Pro Baseball H3!NTREEV (Baseball Team)SportShut down on March 2024
Trickster MNTREEV (Trickster Team)MMORPGShut down on March 2024
Blade & Soul 2NCSoft (Team Bloodlust)MMORPG
Lineage WStudio WMMORPG
2024Battle CrushNCSoftAction, brawlerShut down on November 29, 2024
Throne and LibertyFirstSpark GamesMMORPGPublished in the West and Japan byAmazon Games
Blade & Soul HeroesNCSoftStrategy RPGKnown as Hoyeon in Korea, and Go-en in Japan.
2025AION 2NCSoft (Team Aion)MMORPG[40]
TBACinder CityBigFire GamesMMO TPS
Time:TakersMistil GamesMMOTPS[41]
Limit Zero BreakersVic Game Studios/KadokawaRPG[42]
Horizon Steel FrontiersNCSoft/Guerrilla Games/PlayStation Studios XDevMMORPGUnder exclusive license fromSony Interactive Entertainment[43]
Project EFirstSpark GamesMMORPG
TACTANLudius GamesMMORPG
Blade & Soul ConsoleNC Interactive (NCWEST)Action MMORPG

In addition, NCSoft is also the developer and maintainer of a variety of web-basedboard games in Asian markets.

References

[edit]
  1. ^ab"Saudi Arabia's PIF ups invest in NCSoft for second largest ownership, shares rally".Archived from the original on 24 April 2022. Retrieved24 April 2022.
  2. ^"2020 earnings release". NCSoft.Archived from the original on 2021-01-21. Retrieved2021-01-21.
  3. ^"NCSoft Corporate Governance". NCSoft.Archived from the original on June 5, 2021. RetrievedAugust 13, 2021.
  4. ^"NCSOFT reshuffles leadership at global offices".koreatimes. 2024-08-12. Retrieved16 November 2024.
  5. ^"NCSoft".NCSoft (in Korean).Archived from the original on 2018-04-09. Retrieved2018-04-09.
  6. ^"Seven years of City of Heroes statistics". eurogamer.net. 2011-04-28.Archived from the original on 2015-07-09. Retrieved26 April 2015.
  7. ^"Throne and Liberty released".Yonhap News. 2024.
  8. ^Adams, David (2005-01-12)."City of Heroes Takes Europe".IGN. Retrieved5 March 2024.
  9. ^Everett, Larry (2015-09-01)."PAX Prime 2015: Guild Wars 2's free-to-play model and publishing takeover | Massively Overpowered". Retrieved5 March 2024.
  10. ^"엔씨소프트의 역사" [History of NCsoft].NCSoft (in Korean).Archived from the original on 24 May 2018. Retrieved2018-05-23.
  11. ^"Games Industry Veteran Jeffrey Anderson Joins NCSOFT West as New CEO". PR Newswire. July 28, 2021.Archived from the original on July 28, 2021. RetrievedJuly 28, 2021.
  12. ^Weber, Rachel (July 8, 2011)."NCSoft in talks to acquire Ntreev Software". Gamesindustry International.Archived from the original on July 11, 2011. RetrievedJuly 8, 2011.
  13. ^Caoili, Eric (February 17, 2012)."League of Legends and NCsoft's Ntreev acquisition, this week in Korean news".Game Developer.Archived from the original on May 21, 2022. RetrievedMay 1, 2022.
  14. ^Caoili, Eric (July 27, 2011)."NCSoft Purchases Seoul-Based Mobile Dev Hotdog Studio".Game Developer.Archived from the original on January 21, 2022. RetrievedMay 1, 2022.
  15. ^Shea, Cam (2009-05-21)."AU: Aion Is Coming".IGN. Retrieved2024-11-16.
  16. ^Takahashi, Dean."Korean game togetherness: Nexon acquires 14.7 percent of NCsoft for $688M".VentureBeat.Archived from the original on 2017-07-27. Retrieved2017-09-05.
  17. ^Pearson, Dan (2015-10-19)."Nexon sells shares in NCSoft, ending takeover bid".GamesIndustry.biz. Retrieved2024-03-05.
  18. ^"About Us".us.ncsoft.com.Archived from the original on 2017-06-05. Retrieved2017-05-30.
  19. ^Byung-wook, Kim (2020-08-21)."NCSoft launches entertainment subsidiary Klap".The Korea Herald. Retrieved2024-11-16.
  20. ^"UNIVERSE launches with over 4 million users, here's a guide to the new fan community platform".Bandwagon. 28 January 2021.Archived from the original on 9 August 2021. Retrieved9 August 2021.
  21. ^"Saudi wealth fund buys stakes in Korea game makers".phnompenhpost.com. March 13, 2022.
  22. ^Makuch, Eddie (November 28, 2023)."PlayStation Makes Deal With Huge Company To Expand Beyond Console".GameSpot. RetrievedNovember 29, 2023.
  23. ^"Game publishers cancel titles, cut employees as economy struggles".Korea JoongAng Daily. 2024-01-18. Retrieved2024-03-05.
  24. ^"China approves NCsoft games".Korea JoongAng. 2024.
  25. ^"MSN".www.msn.com. Retrieved2024-11-17.
  26. ^Park, So-eun (2023-08-08)."[단독]엔씨소프트, '클렙' 지분 전량 매각…엔터 사업 손 뗀다".News 1 Korea (in Korean). Retrieved2023-08-14.
  27. ^"Former NCSoft Employees Suspected of Stealing Lineage III Code".WIRED. 30 April 2007. Retrieved1 May 2022.
  28. ^"Chosun Ilbo article". April 26, 2007. Archived fromthe original on September 18, 2008.
  29. ^ab"Worlds.com CEO: We're 'Absolutely' Going To Sue Second Life And World Of Warcraft".Business Insider.Archived from the original on 2018-09-17. Retrieved2019-01-17.
  30. ^"NCsoft Faces Patent Infringement Suit".WIRED. 29 December 2008. Retrieved1 May 2022.
  31. ^Takahashi, Dean (2009-03-12)."Worlds.com: We've patented the world".VentureBeat. Retrieved2024-11-16.
  32. ^Krangel, Eric."$50,000 Reward Offered For Proof Worlds.Com Patent Lawsuit Is Bogus".Business Insider. Retrieved2024-11-17.
  33. ^Voecks, K. (6 May 2009)."Richard Garriott blasts NCsoft with $24 million lawsuit".Engadget.Archived from the original on 23 December 2021. Retrieved1 May 2022.
  34. ^Kim, Tong-hyung (July 30, 2010)."Garriott wins $28 mil. in NCsoft lawsuit".Archived from the original on September 28, 2012. RetrievedAugust 1, 2010.
  35. ^"Garriott wins appeal in NCsoft case".RICHARD GARRIOTT v. NCSoft CORPORATION.Archived from the original on October 26, 2012. RetrievedOctober 30, 2012.
  36. ^"Save CoH movement invites NCsoft execs to play, petition passes 20,000 signatures".Engadget. September 27, 2012.Archived from the original on January 7, 2016. RetrievedNovember 10, 2012.
  37. ^Lee, Jae-lim (18 January 2024)."Game publishers cancel titles, cut employees as economy struggles".Korea JoongAng Daily. RetrievedNovember 17, 2024.
  38. ^Kennedy, Victory (23 October 2024)."NCSoft suffers layoffs and cancels projects, including ultra-realistic thriller Project M".Eurogamer. RetrievedNovember 17, 2024.
  39. ^Royce, Bree (2024-01-04)."NCsoft has officially granted a City of Heroes server license to the Homecoming crew | Massively Overpowered". Retrieved2024-02-18.
  40. ^Royce, Bree (2024-01-04)."NCsoft Q3 2024: NCsoft teases Aion 2 for 2025, says Throne & Liberty sales 'surpassed internal projections' | Massively Overpowered". Retrieved2024-11-17.
  41. ^"NCSOFT Secures Global Publishing Deals with Korean and European Development Studios". Retrieved2025-11-13.
  42. ^"LIMIT ZERO BREAKERS Unveils Full Program for Tokyo Game Show 2025". Retrieved2025-11-13.
  43. ^"NCSOFT UNVEILS HORIZON STEEL FRONTIERS, A NEW MMORPG SET IN THE HORIZON UNIVERSE". Retrieved2025-11-13.

External links

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