Konig Glory "Adding Game Business via Temporary General Meeting... Operating Networks in Korea, China, and Japan"

[Asia Economy Reporter Hyunseok Yoo] Konic Glory announced on the 22nd that it will convene an extraordinary general meeting of shareholders to add business purposes related to the game business. The extraordinary general meeting will be held on March 5 next year. The agenda includes changes in the executive team and a company name change reflecting the demands of minority shareholders. The new company name will be NeOrigin, which the company explains means "creating a new origin in the gaming industry."

A Konic Glory official stated, "Mujoy, the largest shareholder and parent company, a Chinese game entertainment company, plans to actively establish a Korea-China-Japan game network starting next year," adding, "It is necessary to add various game-related business purposes to Konic Glory's business objectives and to change the company name for entry into the global game market."

Konic Glory expects to play a pivotal role in the Korea-China-Japan game network. Geographically, it is located between China and Japan, allowing the integration of China's vast user base and Japan's long-standing gaming know-how with Korea's game development technology.

Meanwhile, the formation of Konic Glory's game business division, which began in September, is now nearing completion. As early as this month, beta testing for games targeting the Korean and Japanese markets is planned to begin. After completing the beta test, the official game launch will commence, with plans to launch multiple games throughout next year.

First is Idle Angels, a game combining idle and RPG models, which was officially launched in over 150 countries last October. The game surpassed $5 million in revenue just two months after its official launch, and the company expects it to be a hit in Korea and Japan next year as well. This game was developed through collaboration between China's Joyport and domestic game developers, and Konic Glory holds the Korean and Japanese publishing rights for this game.

This content was produced with the assistance of AI translation services.