Webzen invests 6 billion KRW in game developer 'Deunlike', securing 19.76% stake

Webzen announced on the 20th that it has invested 6 billion KRW in the domestic developer Dunlike, securing a 19.76% stake.

With this investment, Webzen became the second largest shareholder of Dunlike. It secured the domestic publishing rights for a webtoon intellectual property (IP) game currently under development, and also agreed to collaborate with Dunlike on a new project to develop a game based on Webzen's flagship MU IP.

Dunlike is a developer founded by CEO Yoon Seong-hoon, who previously served as a server developer and mobile game project PD at Netmarble and Wemade. Alongside CEO Yoon, the development team consists of excellent developers who have worked together for over 10 years on titles such as Blade & Soul Revolution and Blade Raising. They are currently developing Project Dogulwang, based on the popular webtoon Dogulwang IP.

Dogulwang is another hit work from Redice Studio, famous for Solo Leveling. It is a popular webtoon that has achieved 200 million cumulative views in South Korea alone (as of August this year), and has gained significant popularity overseas, including in Southeast Asia such as Indonesia and English-speaking countries. Animation production is also underway, aiming for the Dogulwang animation to air next year.

Webzen and Dunlike will first cooperate to launch and promote Project Dogulwang domestically, and later plan to schedule joint development of a new game using the MU IP owned by Webzen.

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