NCSoft explained

NCSoft Corporation
Native Name:엔씨소프트
Native Name Lang:ko
Type:Public
Key People:Kim Taek Jin (CEO)
Industry:Video games
Products:See complete list of products
Num Employees:3100
Founder:Kim Taek Jin
Owner:[1]
Location:Pangyo, Seongnam, South Korea
Footnotes:[2] [3]

NCSoft Corporation (Korean: 엔씨소프트, stylized as NC, formerly stylized as NCSOFT) is a South Korean video game developer and publisher headquartered in Pangyo, Seongnam, South Korea, primarily known for the distribution of massively multiplayer online role-playing games such as Lineage and Guild Wars.

History

NCSoft was founded in March 1997 by Kim Taek Jin. In September 1998, NCSoft launched its first game Lineage. In April 2001 the company created a US subsidiary under the name NC Interactive (based in Austin, Texas, and would later become NCSoft West) after acquiring Destination Games, headed by Richard Garriott and Robert Garriott.[4] In 2004, NCSoft launched two MMORPGs, Lineage II and City of Heroes.[5]

The company formed NCSoft Europe in July 2004 as a wholly owned subsidiary with its main office in Brighton, England. They brought City of Heroes to several European countries on February 4, 2005, and have since established European service for WildStar and Blade & Soul as well.[6] [7] [8]

On April 26, 2005, NCSoft published Arenanet's first MMO Guild Wars Prophecies as well as Arenanet's follow up campaigns Factions and Nightfall and the expansion Eye of the North. NCSoft also published Guild Wars 2 but stopped being the publisher for Guild Wars 2 in 2015 with the release of Heart of Thorns.[9]

On September 10, 2008, NCSoft announced the formation of NCSoft West, a subsidiary which manages NCSoft's other western organizations, and established its headquarters for that subsidiary in Seattle, Washington.[10] On July 28, 2021, NCSoft announced that it was adding the talents of long-time video game industry veteran Jeffrey Anderson (game designer) to its executive leadership team as the new CEO of NCSoft West, overseeing its games business in the Americas, EMEA, and Oceana regions.[11]

On July 8, 2011, NCSoft started talks with SK Telecom to acquire Ntreev Soft Co., Ltd.[12] The talks were expected to last less than a month, but it took seven for NCSoft to complete the acquisition; purchasing 76% of Ntreev's stock for on February 15, 2012.[13]

In 2011, NCSoft purchased Hotdog Studio, a mobile game studio based in Seoul that produces phone and smartphone titles such as Dark Shrine.[14]

In June 2012, NCSoft launched Blade & Soul, their first MMORPG since Aion launched in 2006.

In 2012 Nexon acquired a 14.7 percent interest in NCSoft for $688 million.[15] Nexon sold all of its shares of NCSoft in October 2015.[16]

On November 19, 2015, NCSoft West announced the formation of Iron Tiger studios, a developer based in San Mateo, California focused on adapting Korean-made mobile titles for the West, as well as developing their own mobile games.[17]

On August 21, 2020, NCSoft entered the Korean entertainment industry by launching a new subsidiary called "Klap Co., Ltd."[18] Klap and NCSoft launched the entertainment platform UNIVERSE on January 28, 2021.[19]

In March 2022, the Public Investment Fund of Saudi Arabia acquired a 9.26 percent stake in NCSoft, becoming the company's second largest shareholder after Kim Taek Jin.

In November 2023, NCSoft announced that it had signed a strategic partnership with Sony Interactive Entertainment.[20] On January 18, 2024, NCSoft laid off all 70 employees of its Ntreev Soft subsidiary.[21]

Subsidiaries

Current

Former

Controversies

Stolen source code

On April 27, 2007, Seoul Metropolitan Police said that seven former employees of NCSoft are suspected of selling the Lineage III source code to a major Japanese game company.[23] According to NCSoft, the potential damages may exceed .[24]

Worlds.com patent lawsuit

Worlds.com CEO Thom Kidrin claimed the idea of a "scalable virtual world with thousands of users" is patented by his organization[25] and targeted NCSoft for patent infringement in 2008,[26] in what he says will be the first of many lawsuits against MMO developers.[25] On April 23, 2010, the Worlds.com case settled, but the terms of the settlement were kept confidential. On July 22, 2010, Worlds.com requested the case be reopened.

Richard Garriott termination

Richard Garriott, lead developer of the failed MMORPG Tabula Rasa, sued NCSoft for in damages concerning his termination from the company. Garriott asserted in his suit that he was forced out of the company and was made to sell his 400,000 shares in NCSoft's stock, costing him millions of dollars. In addition, he claimed that the company was guilty of fraud by forging his resignation announcement.[27] On July 30, 2010, a jury in a Texas federal court awarded him in damages. NCSoft described Garriott as someone "who keeps finding different ways to turn the company into his personal ATM," and that "Garriott left the company voluntarily to catch his ride to the International Space Station." Citing his questionable work ethic and the failure of his video game project despite an $84.4 million investment, NCSoft pulled the plug on the game after which Garriott announced he would be leaving the company. This came after he boarded a much-publicized news on his boarding of a Russian aircraft, which cost $30 million.[28] Garriott again prevailed on appeal and NCSoft was required to pay an additional, bringing the total damages awarded to Garriott to .[29]

Closure of Paragon Studios and City of Heroes

On August 31, 2012, NCSoft liquidated Paragon Studios and announced the closure of City of Heroes. Over 21,000 players signed an online petition contesting the shut-down[30] and many used social media to promote their criticisms.

Games

YearTitleDeveloperGenreNotes
1998LineageNCSoft (Team L2Live)MMORPG
2003Lineage IINCSoft MMORPG
2004City of HeroesParagon StudiosMMORPGShut down on November 30, 2012. On January 4, 2024 Homecoming Servers had announced they'd been given a limited license[31] to run their server.
2005Guild WarsArenaNetMMORPG
2006Auto AssaultNetDevilMMORPGShut down on August 31, 2007.
2007Dungeon RunnersNCSoftMMORPGShut down on January 1, 2010.
Tabula RasaDestination GamesMMORPGShut down on February 28, 2009.
ExteelNCSoft (E&G Studios)TPSShut down on September 1, 2010.
2008Point BlankZepettoFPSShut down on July 13, 2011.
2009AionNCSoft (Team Aion)MMORPG
2012Blade & SoulNCSoft (Team Bloodlust)MMORPG
Guild Wars 2ArenaNetMMORPG
2013Shin Jan Ryu MonNCSoft JapanMahjong
2014WildStarNCSoft (Carbine)MMORPGShut down on November 30, 2018.
2016Love BeatCrazyDiamondDance/Rhythm
Lineage Red KnightNCSoftRPG
2017Final BladeNCSoftRPG
Pro Baseball H2!NTREEV (Baseball Team)Sport
Master X MasterNCSoft (Studio MXM)MOBAShut down on January 31, 2018.
Lineage MNCSoftMMORPG
Aion: Legions of WarNCSoftRPG
2019Lineage II MNCSoft (Team L2Live)RPG
2020FUSERHarmonixRhythmShut down on December 19, 2022
2021Pro Baseball H3!NTREEV (Baseball Team)Sport
Trickster MNTREEV (Trickster Team)MMORPG
Blade & Soul 2NCSoft (Team Bloodlust)MMORPG
Lineage WNCSoftMMORPG
2024Battle CrushNCSoftAction, brawler
Throne and LibertyNCSoft (TL Heroes)MMORPGPublished in the West and Japan by Amazon Games
TBAProject LLLNCSoftMMORPG
Project GNCSoftStrategy RPG
AION 2NCSoftMMORPG
Blade & Soul SNCSoftStrategy RPG
Blade & Soul ConsoleNC Interactive (NCWEST)Action MMORPG
Pangya MNTREEV (Project G Team)Sport RPG

In addition, NCSoft is also the developer and maintainer of a variety of web-based board games in Asian markets.

External links

Notes and References

  1. Web site: Saudi Arabia's PIF ups invest in NCSoft for second largest ownership, shares rally . 2022-04-24 . 2022-04-24 . https://web.archive.org/web/20220424184949/https://pulsenews.co.kr/view.php?year=2022&no=227901 . live .
  2. Web site: 2020 earnings release . NCSoft . 2021-01-21 . https://web.archive.org/web/20210121182107/https://kr.ncsoft.com/en/ir/financialInfo/consolidation.do . 2021-01-21 . live.
  3. Web site: NCSoft Corporate Governance . NCSoft . August 13, 2021 . June 5, 2021 . https://web.archive.org/web/20210605213104/https://kr.ncsoft.com/en/ir/corpGovernance/structure.do . live .
  4. Web site: NCSoft. NCSoft. ko. 2018-04-09. 2018-04-09. https://web.archive.org/web/20180409171744/http://kr.ncsoft.com/korean/board/view.aspx?BID=mc_press&BC=&SYear=&SType=&SWord=&PNo=103&BNo=209. live.
  5. Web site: Seven years of City of Heroes statistics. eurogamer.net. 26 April 2015. 2011-04-28. 2015-07-09. https://web.archive.org/web/20150709091907/http://www.eurogamer.net/articles/2011-04-28-three-ncsoft-mmo-anniversaries-today. live.
  6. Web site: Adams . David . 2005-01-12 . City of Heroes Takes Europe . 2024-03-05 . IGN . en.
  7. NCSOFT . NCSOFT® Announces Blade & Soul® to Launch in North America and Europe this Winter . 2024-03-05 . www.prnewswire.com . en.
  8. Studios . Carbine . Carbine Studios' WildStar® Free-to-Play Launches Today . 2024-03-05 . www.prnewswire.com . en.
  9. Web site: Everett . Larry . 2015-09-01 . PAX Prime 2015: Guild Wars 2's free-to-play model and publishing takeover Massively Overpowered . 2024-03-05 . en-US.
  10. Web site: 엔씨소프트의 역사. NCSoft. ko. History of NCsoft. 2018-05-23. 2018-05-24. https://web.archive.org/web/20180524003902/http://kr.ncsoft.com/korean/aboutus/milestone.aspx. live.
  11. Web site: Games Industry Veteran Jeffrey Anderson Joins NCSOFT West as New CEO. PR Newswire. July 28, 2021. July 28, 2021. July 28, 2021. https://web.archive.org/web/20210728155026/https://www.prnewswire.com/news-releases/games-industry-veteran-jeffrey-anderson-joins-ncsoft-west-as-new-ceo-301343342.html. live.
  12. Web site: NCSoft in talks to acquire Ntreev Software. Weber. Rachel. Gamesindustry International. July 8, 2011. July 8, 2011. July 11, 2011. https://web.archive.org/web/20110711051031/http://www.gamesindustry.biz/articles/2011-07-08-ncsoft-in-talks-to-acquire-ntreev-soft-article. live.
  13. Web site: League of Legends and NCsoft's Ntreev acquisition, this week in Korean news. Caoili. Eric. Game Developer. February 17, 2012. May 1, 2022. May 21, 2022. https://web.archive.org/web/20220521120031/https://www.gamedeveloper.com/business/-em-league-of-legends-em-and-ncsoft-s-ntreev-acquisition-this-week-in-korean-news. live.
  14. Web site: NCSoft Purchases Seoul-Based Mobile Dev Hotdog Studio. Caoili. Eric. Game Developer. July 27, 2011. May 1, 2022. January 21, 2022. https://web.archive.org/web/20220121052348/https://www.gamasutra.com/view/news/36127/NCSoft_Purchases_SeoulBased_Mobile_Dev_Hotdog_Studio.php. live.
  15. News: Korean game togetherness: Nexon acquires 14.7 percent of NCsoft for $688M. VentureBeat. Dean. Takahashi. 2017-09-05. 2017-07-27. https://web.archive.org/web/20170727175249/https://venturebeat.com/2012/06/08/korean-game-togetherness-nexon-acquires-14-7-percent-of-ncsoft-for-688m/. live.
  16. Web site: Pearson . Dan . 2015-10-19 . Nexon sells shares in NCSoft, ending takeover bid . 2024-03-05 . GamesIndustry.biz . en.
  17. Web site: About Us. us.ncsoft.com. 2017-05-30. 2017-06-05. https://web.archive.org/web/20170605102623/http://us.ncsoft.com/uk/about-us/#ncsoft_west_unveils_iron_tiger_studios. live.
  18. https://koreaherald.com/view.php?ud=20200821000568 NCSoft launches entertainment subsidiary Klap
  19. Web site: UNIVERSE launches with over 4 million users, here's a guide to the new fan community platform. 28 January 2021. Bandwagon. 9 August 2021. 9 August 2021. https://web.archive.org/web/20210809093128/https://www.bandwagon.asia/articles/universe-launches-4-million-users-ncsoft-ateez-kang-daniel-monstax-astro-new-fan-community-platform-2021. live.
  20. Web site: Makuch. Eddie. PlayStation Makes Deal With Huge Company To Expand Beyond Console. GameSpot. November 28, 2023. November 29, 2023.
  21. Web site: 2024-01-18 . Game publishers cancel titles, cut employees as economy struggles . 2024-03-05 . koreajoongangdaily.joins.com . en.
  22. Web site: Park . So-eun . 2023-08-08 . [단독]엔씨소프트, '클렙' 지분 전량 매각…엔터 사업 손 뗀다 ]. 2023-08-14 . News 1 Korea . ko.
  23. Former NCSoft Employees Suspected of Stealing Lineage III Code. 30 April 2007. WIRED. 1 May 2022.
  24. Web site: Chosun Ilbo article . April 26, 2007 . dead . https://web.archive.org/web/20080918100712/http://english.chosun.com/w21data/html/news/200704/200704260026.html . September 18, 2008 .
  25. Web site: Worlds.com CEO: We're 'Absolutely' Going To Sue Second Life And World Of Warcraft. Business Insider. 2019-01-17. 2018-09-17. https://web.archive.org/web/20180917141433/https://www.businessinsider.com/worldscom-ceo-were-absolutely-going-to-sue-second-life-and-world-of-warcraft-2009-3. live.
  26. NCsoft Faces Patent Infringement Suit. 29 December 2008. WIRED. 1 May 2022.
  27. Web site: Voecks . K. . Richard Garriott blasts NCsoft with $24 million lawsuit . Engadget . 1 May 2022 . 6 May 2009 . 23 December 2021 . https://web.archive.org/web/20211223003713/https://www.engadget.com/2009-05-06-richard-garriott-blasts-ncsoft-with-24-million-lawsuit.html . live .
  28. News: Garriott wins $28 mil. in NCsoft lawsuit. Kim. Tong-hyung. July 30, 2010. August 1, 2010. September 28, 2012. https://web.archive.org/web/20120928102016/http://www.koreatimes.co.kr/www/news/biz/2010/07/123_70538.html. live.
  29. Web site: Garriott wins appeal in NCsoft case. RICHARD GARRIOTT v. NCSoft CORPORATION. October 30, 2012. October 26, 2012. https://web.archive.org/web/20121026055022/http://caselaw.findlaw.com/us-5th-circuit/1583315.html. live.
  30. Web site: Save CoH movement invites NCsoft execs to play, petition passes 20,000 signatures. Engadget. September 27, 2012. November 10, 2012. January 7, 2016. https://web.archive.org/web/20160107042443/http://www.engadget.com/2012/09/27/save-coh-movement-sends-letters-to-ncsoft-executives-petition-p/. live.
  31. Web site: Royce . Bree . 2024-01-04 . NCsoft has officially granted a City of Heroes server license to the Homecoming crew Massively Overpowered . 2024-02-18 . en-US.