[Concall] Jang Hyun-guk, CEO of Wemade, "Chinese Market Will Be a Future Growth Engine"

Jang Hyun-guk, CEO of Wemade.

Wemade has announced plans to expand its business in the Chinese market.

Jang Hyun-guk, CEO of Wemade, stated during the Q2 earnings conference call on the 9th, "The Chinese game market, which has been stagnant for the past few years, is recently experiencing a favorable business environment and is beginning to recover," adding, "The Chinese government authorities have announced the promotion of the game industry, which is a major driving force turning around the industry's downturn."

He continued, "The Chinese market is reopening," and said, "Our company has a long history in the Chinese market, starting with the release of 'Mir's Legend 2' in 2001 and including titles like 'Yeolhyeol Jeon-gi M.' However, it has not been all success; we have faced various trials such as lawsuits related to copyright infringement. Through these experiences, our company has gained exceptional competitiveness in the Chinese game market and industry."

Wemade plans to actively pursue the Chinese market going forward.

CEO Jang said, "We are steadily working to leverage the growing business opportunities in the Chinese game market to resolve past disputes and move forward into the future," adding, "The momentum to consolidate the results of our Chinese business has arrived. We plan to disclose related matters, which are currently being finalized, to the market soon."

He also stated, “MirM and Mir4 were developed with China in mind, so there are no difficulties in localization,” and added, “Going forward, we will select local publishers and proceed to the stage of obtaining licenses to provide services.” He further mentioned, “We will resolve disputes following the conclusion of the Mir's Legend IP lawsuit. The release of other games in China will continue as well.”

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