[Featured Stock] Netmarble Rises 3% on New Release Momentum and Increased Investor Asset Value
![[Featured Stock] Netmarble Rises 3% on New Release Momentum and Increased Investor Asset Value](http://www.asiae.co.kr/news/img_view.htm?img=2021041707180484883_1618611484.jpg)
[Asia Economy Reporter Minji Lee] Netmarble is showing an upward trend reflecting the increase in the value of investment assets and the momentum of new game releases.
On the 1st, Netmarble was trading at 137,500 KRW, up 2.6% from the previous trading day. During the day, Netmarble's stock price rose to as high as 139,000 KRW.
The rise in stock price is analyzed to be influenced by the easing of valuation pressure due to the increase in stock prices of investment assets Coway and HYBE. The listing of KakaoBank also acted as a positive factor for the stock price increase.
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The success of the new release "Second Country," launched on the 10th of last month, is also positive. Second Country is currently ranked 3rd on iOS and 3rd on Google Play in the domestic market. Moonjong Lee, a researcher at Shinhan Financial Investment, explained, "The momentum from new releases is abundant, and expectations for upcoming titles such as Marvel Future Revolution, which has started pre-registration, are growing," adding, "Non-gaming momentum such as the KakaoBank listing is also positive."
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