Neorigin Completes 5 Billion KRW CB Payment... "Invests 10 Billion KRW in Game Business"

[Asia Economy Reporter Yoo Hyun-seok] Neorigin announced on the 14th that it will actively invest in the game business following the completion of a 5 billion KRW payment for convertible bonds issued on the 11th.

Investors included BTC Investment, a subsidiary of the cryptocurrency exchange Bithumb. In March, Neorigin's largest shareholder invested 5 billion KRW through a third-party allotment paid-in capital increase, securing a total of 10 billion KRW in funds for Neorigin.

Neorigin plans to invest the funds decisively in the game business. The company intends to pursue ▲ Korea-China game publishing ▲ investment in promising game venture companies ▲ mergers and acquisitions ▲ game-related ancillary businesses such as VR·AR, NFT·Metaverse.

A Neorigin representative stated, “We were able to secure smooth investment resources due to the high evaluation of the potential and growth of the Korea-China game business and game-related ancillary businesses,” adding, “Idle Angels, launched this year in Korea and Japan, is performing well, and with additional new game launches planned for the second half of the year, sales and profits in the game business sector are expected to increase further this year.”

Neorigin is promoting Korea-China-Japan game publishing business together with its largest shareholder, the Chinese game company Mujoy. Mujoy is a leading game publishing specialist company in China and plans to support domestic game companies in securing Chinese game licenses.

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