At a recent senior management summit, NCsoft’s founder and CEO Mr Taek Jin Kim (pictured) revealed some reasons why he decided to sell 14.7% of the company’s shares to his biggest competitor, Nexon. He cited cases where game companies are forced to retrench staff and apply other drastic measures due to the threat of foreign blockbusters, such as Riot Games’ League of Legends and Blizzard’s Diablo III which achieved incredible success in Korea.
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