Nexon Invests 987 Billion KRW in US Hasbro, Japan's Konami, Sega, and Others

Photo by Owen Mahoney, CEO of Nexon (Japan branch)

[Asia Economy Reporter Buaeri] Nexon announced on the 29th that it has invested in global entertainment companies such as the American company Hasbro.

Nexon stated, "As of the fourth quarter of last year, we executed investments amounting to $874 million (987 billion KRW), which is about 58% of the board-approved amount of $1.5 billion (approximately 1.7 trillion KRW), and have recorded unrealized gains of $279 million (315.1 billion KRW)."

Nexon's major investment targets include the American toy company Hasbro, the Japanese holding company Bandai Namco Holdings, which owns entertainment subsidiaries, Konami Holdings, and Sega Sammy Holdings. Nexon described these companies as "firms that have developed and grown excellent intellectual property (IP) in the global entertainment sector."

Nexon plans to continue a friendly investment approach and added that there are no plans for acquisition or management participation in the investee companies. However, it stated that it remains open to the possibility of long-term partnerships.

Owen Mahoney, CEO of Nexon (Japan), said, "This investment reflects our respect for companies and management teams that have developed and grown global IP over a long period. We expect the growth potential of each investee company to be limitless in the global entertainment market, which is shifting from a one-way experience to an interactive one."

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