Company Profile For Webzen Inc

Webzen Inc (WZEN.O) (Consolidated Issue listed on NASDAQ Global Market)

sector: Cyclical Consumer Goods & Services · industry: Leisure Products ·

As of 24 Nov 2009

2.72USD

Price Change

-0.12

Percent Change

-4.21%

Analyst Recommendations

Overview

Webzen Inc. is a developer and distributor of online games in Korea. The Company’s game Soul of the Ultimate Nation (SUN) is a three-dimensional massively multiplayer online role-playing game (MMORPG) provided in Korea, Taiwan, China and Japan. MU is a MMORPG provided in Korea, China, Japan, Taiwan, the Philippines, Vietnam and the United States. The Company is developing several games to diversify its game portfolio and to target various segments in the market. By developing different game genres within the massively- multiplayer online game space, such as first-person shooting games. In addition to its internally developed games, the Company is also publishing third-party games. In April 2008, the Company commercially launched its game SUN in Japan.

Quick Financial Synopsis

BRIEF: For the fiscal year ended 31 December 2007, Webzen Incorporation's revenues increased less than 1% to W28.48B. The Company's net loss increased 50% to W14.27B. Revenues reflect increased foreign demand for SUN & MU Online Game products. Net loss suffered from the presence of non-operating expenses, such as loss on reduction of intangible assets and loss on reduction of security available for sale.