Neolith Co., Ltd. 네오리스 | |
Fate: | Acquired by NetBrain |
Foundation: | April 30, 1996 (as Eolith), May 16, 2008 (as Neolith) |
Defunct: | 2005 (defunct as Eolith) |
Key People: | Jeon Juyoung (CEO: April 1996–March 2004) Choe Jeongho (CEO: March 2004–March 2005)Choe Sangdeok:CEO (March 2005-2006)Choe Hyeonjeong(CEO 2008-) |
Industry: | Video games |
Products: | Arcade games, and Mobile games |
Owner: | independent company (1996-2001) independent company, SNK, Taito, CCR and GV Inc (2001-2005) independent company, NetBrain (2008-) |
Neolith Co., Ltd. (Korean: 네오리스), formerly known as Eolith Co., Ltd. (Korean: 이오리스) is a South Korean based video game company, best known for co-developing The King of Fighters 2001 with BrezzaSoft and The King of Fighters 2002: Challenge to Ultimate Battle with Playmore, as well as their Hidden Catch series.
Company was founded as Eolith in April 30, 1996. They developed The King of Fighters 2001 and The King of Fighters 2002 after SNK was bankrupted. Their last title released as Eolith was Chaos Breaker, for the arcade system Taito Type X. Although the company was founded as an independent company, Kum Gang initially published their early arcade games. In 2000, they started a small chain of arcades called G-Park. On June 7, 2000, they registered at KOSDAQ as the first Korean arcade game maker. Besides video games, their redemption games El Dorado won the Ministry of Culture and Tourism Game of the Month June 2001 award, and Mugunghwa Kkot-i Pieosseumnida (English: The roses of Sharon have blossomed, known as Hide and Seek outside of Korea) won the Game of the Month November 2001 and Arcade Game of the Year 2001 awards. In 2000, the company M-Dream was founded by a former Eolith employee. M-Dream specialized in developing mobile games. They also developed several online games, and localized and published a number of PS2 and PC games. In November 2002, the subsidiary M-Dream China was formed. In 2003, Eolith merged with M-Dream, and Choe Jeongho became the new CEO. On June 3, 2005, Eolith was bought out by Netbrain, who was later integrated into the pharma company Neurotech and thoroughly restructured. Neurotech was renamed to Neurotech Pharma on November 8, 2006, and that same day, Eolith shut down. M-Dream became a separate company again, and continued to publish mobile games until 2007 when they were also shut down. Although M-Dream was shut down, M-Dream China was still active, but their website disappeared in 2018. In May 16, 2008, the company was rebranded as Neolith, and it was formed from the ashes of Eolith. Neolith received government support of 160,000,000 won, but never showed much as a result.