Neowiz and Kangwon Land Sign Slot Software Supply Agreement

Collaboration from the Early Stages of Development
Establishing an 'Integrated Development' Process

Neowiz announced on November 3 that it has signed a slot software supply agreement with Kangwon Land.

Bae Taegun, CEO of Neowiz (left), and Choi Cheolgyu, CEO of Kangwon Land, are posing for a commemorative photo after signing the 'Slot Software Supply Agreement.' Provided by Neowiz

Under the agreement, Kangwon Land will retain the rights to offline slot machine software, while Neowiz and its subsidiary, Massive Gaming, will acquire the intellectual property (IP) rights for online slot games utilizing this software. Neowiz will directly develop the software using Kangwon Land's development platform and infrastructure. Kangwon Land will be responsible for hardware manufacturing and sales for offline placements, such as casinos.

Neowiz explained that this agreement further advances the partnership between the two companies, which began with the "Joint Game Content Development Agreement" signed in August 2021. The two companies plan to respond quickly to market changes and develop slot machines with world-class technological competitiveness.

Bae Taegun, Co-CEO of Neowiz, stated, "I am pleased to further advance our partnership based on the deep trust we have built with Kangwon Land since 2021," adding, "Through this integrated development partnership, we will introduce innovative slot content recognized in the global market."

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