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Something is going on at Nexon HQ from news

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  • KensamaofmariKensamaofmari
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    Here's something I have an interest in to seeing if Nexon's sales change. Due to the various trade wars, many economists and data have shown the economic growth so far has been held up by consumers and continued consumer spending. But as waves of new tariffs are expected to hit September 1 in the US and then December 15, would this affect consumer spending choices on various services including gaming?

    Will consumers be forced to make the decision to cut back on either material goods consumption or service consumption?

    It will be an interesting rest of the final 2 quarters this year to see if consumer behavior shifts. We might see a sudden increase in spending on goods with tariffs on hold until December, but will that change spending on services?

    From Nexon's Q2 report, they're expecting overall decrease in revenue for the 3rd quarter, (which are usually low revenue quarters) but they seem to be bracing for damage for now. But what I'm interested is what kind of shifts we'll see in revenue in NA, especially when PC console gaming revenue for Nexon increased by a good margin while mobile game revenue fell.

    It will be interesting to see if there will be a bigger impact from economical/geopolitical changes or from company restructuring.
    Darkpixie99
  • Darkpixie99Darkpixie99
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    Oh, and there's still the release of Google Stadia in 2020, which Peria Chronicles has taken official interest in via Youtube follow.
    Whether this means Nexon will have some exclusives there or not is still something we'll have to wait and see.
    Consumers seem generally disinterested, or at least worn out in the promise of exclusives- let alone hyped for Google Stadia.
    It's a $130 preorder, and every nerd who watched E3 noticed an obvious input lag.
    So if Nexon intends to bank on that system, they're taking a large risk if they decide to move the entire launcher into a subscribe only model.
    If Google Stadia and Peria Chronicles are released during continuing trade wars, Nexon could be seeing some unpredictable variations in the 2020 profit margin.
  • KensamaofmariKensamaofmari
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    Monies.
    Darkpixie99
  • Darkpixie99Darkpixie99
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    Monies.

    Couldn't resist.
    h2D77C954
    Kensamaofmari
  • KensamaofmariKensamaofmari
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    In today's escalation of the US-China trade spat. China announced that it will raise tariffs on $75 billion worth of US products, some on Sep 1 in response to the US a couple weeks ago. The rest, which includes automobiles will be on Dec 15 also to match the US hike.
    Clown in Chief got mad at this today and labeled both China and the US Federal Reserve as enemies of the state and ordered all US companies in China to leave the country as well as announcing that tariffs already in place and those that will be going in effect Sep 1 will raise on Oct 1. Everything that is taxed at 25% will increase to 30% and everything 10% will increase to 15%.
    Darkpixie99
  • Darkpixie99Darkpixie99
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    edited August 25, 2019
    Consumers are ‘starting to see the pain’ from the trade war
    Yahoo Article from a day ago.

    Asian markets sink as Trump ratchets up trade tensions Article
    "Deep losses in Tokyo, Hong Kong after Trump says he’ll hike tariffs on Chinese goods"

    Trump-Abe Trade Deal Helps U.S. Farmers, Forestalls Auto Tariffs
    Another Yahoo News Article

    Nexon Co. Ltd. stock appears unchanged...

  • KensamaofmariKensamaofmari
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    The last article is Bloomberg, not Yahoo. It's just posted by Yahoo.

    The deal with Japan isn't final, just FYI. Things could drastically change in a month.
    NHK World said quoting the Japanese Trade Ministry that there were still many gaps that have to be sorted out.

    A deal with Japan would allow both China and US to bunker in and have less incentive to hurry up and strike a deal. Japan would be used as a middleman of sorts for some goods intended to go to both countries.

    Darkpixie99
  • Darkpixie99Darkpixie99
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    edited August 26, 2019
    The last article is Bloomberg, not Yahoo. It's just posted by Yahoo.

    The deal with Japan isn't final, just FYI. Things could drastically change in a month.
    NHK World said quoting the Japanese Trade Ministry that there were still many gaps that have to be sorted out.

    A deal with Japan would allow both China and US to bunker in and have less incentive to hurry up and strike a deal. Japan would be used as a middleman of sorts for some goods intended to go to both countries.

    Japan: the KK Slider of 2020- "I slid you a boot of [import] into your pockets, kid. Don't go telling anyone."

    Oof, spoke too soon about Nexon's stock.
  • KensamaofmariKensamaofmari
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    edited August 26, 2019
    The last article is Bloomberg, not Yahoo. It's just posted by Yahoo.

    The deal with Japan isn't final, just FYI. Things could drastically change in a month.
    NHK World said quoting the Japanese Trade Ministry that there were still many gaps that have to be sorted out.

    A deal with Japan would allow both China and US to bunker in and have less incentive to hurry up and strike a deal. Japan would be used as a middleman of sorts for some goods intended to go to both countries.

    Japan: the KK Slider of 2020- "I slid you a boot of [import] into your pockets, kid. Don't go telling anyone."

    Oof, spoke too soon about Nexon's stock.

    Pew pew pew

    Wow Nexon's stock fell over 25% on the day they released earnings, that was quite a selloff. And looks like investors have been on edge the last couple weeks. But as Tuesday starts, they're up 3%.
    Darkpixie99
  • Darkpixie99Darkpixie99
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    edited August 29, 2019
    Layoffs and riots aside... REV. PER EMPLOYEE=$398.29K
    So where's that hidden red line? Could it be... Was Pickled Herring actually a bad choice?
    No developed product means no work for already overworked and (surprisingly underpaid) KR employees.
    So who at Nexon really is on that development team of his, and how much money are they already bleeding out of Nexon?
    I despise how Kim let the company sale be cancelled like that. Such a waste of valuable potential money.
    If he can't handle Nexon, then then next obvious step should be to give it to an ex employee of a much more reputable company.
    (Or at least an employee of your own company)
    Loot box laws in NA (via FTC) will happen in five years if he and others can't learn to ask others to help regulate them.
    He lost $900k to a loot box rate rigging and non transparent fine in his own country, and yet he somehow can't hire people to make the loot box formula go away. I really, really wonder how the stock market even sees value in investing in Nexon.
  • KensamaofmariKensamaofmari
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    No, I see it as the right moves from a business standpoint.
    The economic situation in many countries is continuing to slide, there are fears that consumer confidence will eventually grow and negatively impact the economy, which for now has been propped up by their spending in some countries.

    As I said in the Peira Chronicles thread, now is a good time to consolidate, step back and reassess going forward.
    Darkpixie99
  • Darkpixie99Darkpixie99
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    It's still a pretty steep drop after a decade of Nexon running loot box based games.
  • KensamaofmariKensamaofmari
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    It's still a pretty steep drop after a decade of Nexon running loot box based games.

    Not really.
    Darkpixie99
  • Darkpixie99Darkpixie99
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    edited August 30, 2019
    Boop.

    Nexon Corporation News:
    2019.08.23Announcement regarding the proposal of an agenda item of “Election of a new Dir...
    Document

    Merchandise Is Cannon

    Global Offices

  • KensamaofmariKensamaofmari
    Mabinogi Rep: 34,575
    Posts: 7,896
    Member
    Boop.

    Nexon Corporation News:
    2019.08.23Announcement regarding the proposal of an agenda item of “Election of a new Dir...
    Document

    Merchandise Is Cannon

    Global Offices

    Nomination of a person with auditory and legal experience to me, means preparing for compliance of rules and regulations. Which isn't a bad thing, but could spell a potential crackdown to clean things up. Also, can offer flood control over potential and existing discontent with staff and former staff.
    Darkpixie99
  • Darkpixie99Darkpixie99
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    edited September 1, 2019
    Oops. Japan knows about Funimation's bad press.
    Japan wanted DBZ Goku as the 2020 Olympics ambassador, so only time will tell what happens.

    Meanwhile, Nexon loses another game:
    Riders of Icarus Receives New Publisher VALOFE, Launches New Website
    Read more at https://www.mmorpg.com/riders-of-icarus/news/riders-of-icarus-receives-new-publisher-valofe-launches-new-website-1000053566#BfdK343KOhAHJW34.99
  • KensamaofmariKensamaofmari
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    It seems that many devs have used NA as a 3rd party hosting platform until they get their publishing up an running.
    I hope that will allow them to now focus on their own titles.
    Darkpixie99
  • Okay i just hope net-marble is taking nexon over
  • Okay
  • Darkpixie99Darkpixie99
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    edited September 9, 2019
    Article
    Nexon staff rally against project cancellations & restructuring
    Approximately 600 staff of South Korean video game publisher Nexon, belonging to the Starting Point union, have demonstrated against project cancellations, studio closures, and restructuring. Around 100 Nexon employees are now suspended following the hold of four projects, including the ‘Project G’ and ‘Peria Chronicles’ titles, reportedly with no guarantees offered for future work. The rally follows a turbulent few months for Nexon, with a failed sale (reportedly worth USD$8.9bn/£7.29bn) and the closure of two of the firm’s North American offices earlier in the year.
    Starting Point head Bae Soo-chan told The Korea IT Times, “If the project ends or fails, there are interviews. They don’t give jobs if workers don’t pass the interview. We’re here to make a reasonable claim about job security. In other words, if the project ends and the team is disbanded due to poor games, it is not certain whether the team’s manpower will be relocated, which is why workers in the game industry suffer from constant job insecurity.”


    giphy.gifJ1G4pecG5jnvLFMbm8v_vtnKo0wgNGmouqgxGf2Ye2hwJnH5htB86cL19wiiCg8-nQqOQA=s125

    Recap:
    After 8 years, Peria Chronicles, one of the most anticipated MMORPGs today, is canceled by Nexon.
    Article



    In memorium: MMORPG.com Videos - Take a Peek at Two Hours of Peria Chronicles from Its Korean Testing Phase