[Featured Stock] Kakao Games Rises 1.5% on New Release Expectations

[Asia Economy Reporter Lee Jung-yoon] Kakao Games is showing an upward trend due to anticipation for new releases.

As of 10:10 AM on the 13th, Kakao Games was trading at 43,850 KRW, up 1.50% (650 KRW) compared to the previous trading day.

Lee So-jung, a researcher at SK Securities, stated, "Among major game companies in 2023, the number of new releases relative to sales scale is high, and the expectations are not excessive, so the momentum from new releases is expected to contribute to the stock price increase." She added, "Since the release schedules for new titles are planned for every quarter starting from the first quarter of 2023, gradual sales growth is possible."

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