Webzen Invests 5 Billion KRW in New Game Developer 'Panana Studio'

Webzen announced on the 26th that it has invested 5 billion KRW in the domestic developer Panana Studio.

Webzen made this investment through a financial investment (FI) in Panana Studio. The investment terms also included conditions that are expected to create business synergy, such as securing the priority negotiation rights for publishing the new game "Project Sailor" developed by Panana Studio.

Panana Studio is led by CEO Kang Il-mo, who previously served as the Director of Business Development at Tencent Korea, and includes a development team that produced hit games such as Lineage 2 Revolution, The Second Country, Gran Saga, and Kings Raid.

Meanwhile, Webzen continues to make steady development investments to secure mid- to long-term growth engines through its CEO-direct Unicorn Task Force (TF).

Earlier in January, Webzen made a strategic investment of 30 billion KRW in Hound13, the developer of "Hundred Soul," and signed domestic and international service contracts for the new title "Project D" (tentative name: Dragonsword). It also secured priority negotiation rights for publishing other new titles.

Additionally, Webzen is focusing on diversifying its game service business and securing excellent development capabilities by investing in and establishing external partnerships, such as directly developing a subculture game "Tervis" at its development subsidiary Webzen Nova, and a new Unreal Engine 5-based title at Webzen Redcore.

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