[Featured Stocks] NCSoft 'Sharp Drop' Kakao Games 'Rise'

[Asia Economy Reporter Junho Hwang] Kakao Games' stock price is showing an upward trend following the sharp decline in NCSoft's stock price. As of 9:37 AM on the 4th, Kakao Games recorded a 9.10% increase, reaching 97,100 KRW.

The rise in stock price today is analyzed to be influenced by the sharp drop in NCSoft's stock price. NCSoft began servicing the MMORPG (Massively Multiplayer Online Role-Playing Game) 'Lineage W' from today, but disappointment with the game has been reflected in the stock price, which is experiencing a decline of over 10%.

On the other hand, Kakao Games announced that its third-quarter sales reached 466.2 billion KRW and operating profit was 42.7 billion KRW, driven by the sales growth of its new game 'Odin,' leading to the stock price increase. Additionally, securities firms have suggested that new businesses such as NFTs (Non-Fungible Tokens) are promising. At the same time, NCSoft's stock price is down 10.81%, trading at 586,000 KRW.

Seong Jonghwa, a researcher at Ebest Investment & Securities, said, "The consolidated inclusion announcement of Lionheart, the developer of Odin, on the 1st could be an upward factor for earnings forecasts," adding, "Furthermore, new businesses such as entering the virtual asset market through the merger of subsidiary Friends Games and WayToBit, the issuer of the cryptocurrency Bora Coin, as well as distribution through digital asset exchanges, are also promising."

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