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With licenses in hand, Korean game companies bet big on China

People play video games at an internet cafe in Beijing, China, Jan. 8.  EPA-Yonhap

Korean video gaming companies, grappling with geopolitical risks and regulatory pressure in China over the past few years, are seeing a future in the world’s largest video gaming market with newly granted licenses and more upcoming titles, according to industry insiders and analysts, Thursday.The top three video gaming companies in Korea — Nexon, NCSoft and Netmarble — have all received licenses in the latest batches approved by China’s gaming regulator. Nexon’s Dungeon & Fighter (DnF) Mobile and Netmarble’s The King of Fighters All Star were among the 32 approved foreign titles announced on Feb. 2, while NCSoft’s Blade & Soul 2 was one of the 40 titles approved for import last December.The most notable title was DnF Mobile, a role-playing game developed by Nexon and operated in China by Tencent Holdings, which runs the world’s largest video gaming business by revenue. The game was adapted from Nexon’s flagship PC title, DnF, which was launched as early as 2005 and became one of the highest-grossing video games ever, with over $22 billion in lifetime revenue as of June 2023.

The approval of the game came as a surprise, as DnF Mobile did not have a smooth journey in the country. Nexon originally planned to release the mobile game in China in collaboration with Tencent in August 2020, but the companies suddenly canceled the launch even though it had more than 60 million pre-reservations at that time, citing the need to adjust to regulatory requirements. DnF Mobile was released in Korea in 2022.On Tuesday, a team of designers of the game said through its official WeChat account that a new round of testing will start at the end of February, after “our preparations have finally entered a new stage.” The mobile title is just one of the latest examples of how Korean game companies are betting big on the Chinese market, as they have received more than a dozen licenses since late 2022, when Beijing started to ease years of controls on Korean game companies’ operations in the territory.China started a crackdown on the video gaming industry in late 2021 with an 18-month licensing freeze on foreign games. What further choked the Korean game industry was Beijing’s ban on Korean cultural imports that started in 2017 in retaliation against Korea’s deployment of the U.S. THAAD anti-missile system.

In December 2022, seven Korean titles — including Lost Ark by Smilegate, MapleStory M by Nexon and Ni no Kuni: Cross Worlds by Netmarble, were among the first batch of 44 licenses given to the foreign games after the crackdown. By early February, when the latest batch was released, the number of approved Korean games had grown to at least 18.The increased approvals were seen as an apparent signal that the country is easing its controls on Korean video games. Before that, only two Korean games had received the licenses in the six years since 2017.With the licenses, the Korean companies have launched or have been staging an entry of their titles, such as DnF Mobile’s testing and Netmarble’s launch of Ni no Kuni: Cross Worlds in the first half of 2024.DnF Mobile has raised high expectations from both China’s gaming community and industry watchers. Many players took to social media to express their excitement about the approval. At the same time, analysts have also expressed expectations that the game will come as a revenue boost for both Tencent 슬롯게이밍 and Nexon.

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Reform Party strives to differentiate itself from rivals

Reform Party Co-Chairman Lee Jun-seok, second from left, speaks during the party's Supreme Council meeting at the National Assembly in Seoul, Tuesday. To his left, Lee Nak-yon, the party's other co-chairman. Yonhap

Reform Party Co-Chairman Lee Jun-seok, second from left, speaks during the party’s Supreme Council meeting at the National The Reform Party, a big-tent political party comprised of politicians who broke away from their former parties, held its inaugural Supreme Council meeting, Tuesday, promising that it will end “the meaningless competition” between President Yoon Suk Yeol and main opposition Democratic Party of Korea (DPK) Chairman Rep. Lee Jae-myung.“The most wanted political reform that the people desire is ending the meaningless competition between Yoon and Lee which has lasted for the past few years,” its Co-Chairman Lee Jun-seok said.“Our party will be the strongest check on the president, who has been solely focused on consolidating his power while neglecting his duty of achieving a prosperous nation for the people.”

He denounced both the DPK and the ruling People Power Party (PPP), saying they have failed to address “issues that should have been addressed.”“How can we expect social reform from the PPP, which is obsessed with a battle against activist-turned-politicians?” Lee said, referring to PPP interim leader Han Dong-hoon’s catchphrase of clearing out the privilege-based politics by activist-turned-politicians. “Those in their 20s and 30s who spent their college and university days in the 2000s never had a chance to experience student activism.”Lee also criticized the DPK, which is championing the catchphrase “handing down judgment to the Yoon administration’s prosecutor autocracy.”“Most ordinary citizens are living without ever visiting a police station, and the main opposition party is coercing them to engage in a showdown with the prosecution,” he said. “Unlike them, we have to take care of issues that must be addressed, even if they require debate.”Reform Party Co-Chairman Lee Nak-yon stressed the unity between the different political groups that joined the party. The Reform Party was created, Friday, in a merger between four political parties comprised of both conservative and liberal breakaway members from the main rival parties. Lee Jun-seok was a former PPP chairman, while Lee Nak-yon previously led the DPK.

“There can be differences between ourselves,” Lee Nak-yon said. “We will manage the difference wisely and amplify things we have in common.”Lee Nak-yon noted that it is the first time in Korea’s history to have four new political parties form in a short period of time, and it is because of the public’s disappointment in the existing rival parties.“The rival parties were supposed to scrutinize themselves about why the public is disappointed in them,” the former DPK chairman said. “If we let the current politics based on rivalry between Yoon and (DPK Chairman) Lee remain unchanged, the country will deteriorate to a much more serious state than it is now.”On Monday, the party appointed independent Rep. Yang Hyang-ja as its floor leader, former lawmaker Keum Tae-seop, Reps. Kim Jong-min and Cho Eung-cheon as its Supreme Council members.During a radio interview with SBS, Tuesday, Lee Nak-yon said the Reform Party seeks to secure at least 30 National Assembly seats during the April 10 general elections, while Lee Jun-seok said in a separate interview with CBS that “the more (seats) 카지노사이트킹 the better

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Samsung chief visits Malaysia to inspect battery

Samsung Electronics Executive Chairman Lee Jae-yong, left, inspects Samsung SDI’s battery-manufacturing plant in Seremban, Malaysia, on Friday. Courtesy of Samsung Electronics

Samsung Electronics Executive Chairman Lee Jae-yong, left, inspects Samsung SDI’s battery-manufacturing plant in Seremban, Lee Jae-yong, the executive chairman of Samsung Electronics and leader of Samsung Group, visited Malaysia during the Lunar New Year holidays last week to inspect the group’s battery business and provide support and encouragement to employees working abroad during the Korean holiday season, the company said Monday.Samsung said that Lee chose Malaysia as his first overseas destination this year. During his visit, the Samsung chief also visited Kuala Lumpur, the capital of Malaysia, to observe the local IT market, which has become a significant market for Samsung Electronics in Southeast Asia.Samsung SDI, the battery unit of Samsung Group, produces batteries in Seremban, Malaysia. The company is currently operating Plant 1 and has been building Plant 2 since 2022 to meet the growing demand for cylindrical batteries.

“The second plant, which is being built with an investment of 1.7 trillion won ($1.27 billion), is expected to be completed in 2025. From 2024, it will produce Samsung SDI’s PRiMX 2700 cylindrical batteries. These batteries are installed in various products such as power tools and electric vehicles (EVs),” Samsung said.The executive chairman inspected Samsung SDI’s first plant as well as the second plant, which is currently under construction, on Friday. He also had meals with employees there during the holiday season, gave them gifts and listened to their concerns, according to Samsung. Despite achieving record performance with 22.7 trillion won in sales and 1.6 trillion won in operating profits in 2023, Samsung SDI is being affected by the recent slowdown in the global market for power tools and EVs. But Samsung said its battery unit plans to carry out investments for the future without interruption and strengthen its technology development.”We don’t need to be discouraged by difficulties, and we should invest boldly. Let’s not be swayed by short-term results, let’s lead change through bold challenges,” the executive chairman told employees. “Let’s create new value and secure solid competitiveness.”The executive chairman also analyzed the local market’s response in Kuala Lumpur, the largest city in Malaysia, on Saturday.

Malaysia, where Samsung has the largest share in the smartphone market, is increasingly regarded as an important market for the company in Southeast Asia.”The executive chairman visited the largest store in Southeast Asia created in 2022 by Samsung Electronics and the Malaysian retail company Senheng to observe consumers’ responses to IT gadgets,” the company said.The Samsung chief has been visiting overseas business sites during Korea’s various holidays to inspect the business conducted by Samsung in several different markets.During the last Chuseok holiday, Lee visited Samsung Electronics’ R&D Center in Israel, Samsung Electronics’ TV and tablet PC manufacturing plant in Egypt and the site of an underground tunnel construction in Saudi Arabia’s NEOM city being carried out by Samsung C&T.During the 2022 Chuseok holiday, he also visited Samsung Electronics’ home appliance factory in Mexico, Samsung Engineering’s oil refinery construction site and Samsung Electronics’ branch in Panama in 온라인카지노 Central America.

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Netflix series ‘A Killer Paradox’ 

A scene featuring a character named 'Chairman Hyung Sung-guk' from Netflix's Korean original series 'A Killer Paradox' / Courtesy of Netflix

Netflix’s new Korean original series, “A Killer Paradox,” is triggering a backlash online from supporters of main opposition Democratic Party of Korea (DPK) leader Lee Jae-myung, for allegedly portraying a villainous character who reminded audiences of the politician’s physical appearance as well as scandals that occurred while he was running for president in 2022, which were not a part of the original webtoon series.The eight-part crime thriller that hit the over-the-top streaming service Friday revolves around a cat-and-mouse scenario between an ordinary college student who accidentally kills a serial killer, played by Choi Woo-shik, and a dutiful detective, played by Son Suk-ku. It is based on the webtoon series of the same name by Kkomabi, a webtoonist.

In episode seven, a character named Chairman Hyung Sung-guk appears, who, according to some, highly resembles the current DPK leader.Hyung, a construction company owner who takes advantage of his connections to various gangs as well as high-ranking government officials, wields a large amount of influence and corrupts those in his way, “astonishingly, he resembles Lee in appearance,” a viewer pointed out online, noting how the character has a similar face as Lee and Lee and Hyung both wear black-framed glasses and have white slicked backed hair.Lee’s supporters also say that the series added some details about the character that immediately reminded viewers of Lee.

Notably, the scene where Hyung eats sushi while in prison due to tax evasion, embezzlement and bribery charges linked to a land redevelopment project reminded viewers of the scandal that surfaced during Lee’s 2022 presidential campaign.At the time, when Lee was the governor of Gyeonggi Province, it was alleged that Lee’s wife inappropriately used the provincial government’s credit card to buy sushi, beef and other expensive items.Also, Hyung’s prison number 4421 corresponds to the 442.1 billion won ($331.9 million) earned by a construction company from the lucrative Daejang-dong land development project in Seongnam, Gyeonggi Province, while Lee served as the city’s mayor. It has been alleged that Lee gave favors to specific developers for the project.The sushi scene and the prison number did not appear in the original webcomic.However, Netflix said the assumptions are “groundless” and denied any connection between the character and the 스포츠토토존 DPK leader.

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Paradise Co Nov casino rev top US$43mln, down sequentially

Paradise Co Ltd, an operator in South Korea of foreigner-only gaming venues, reported casino revenue of nearly KRW56.59 billion (US$43.3 million) for November, down 6.2 percent sequentially, according to a Friday filing to the Korea Exchange.

The November casino revenue tally was up 43.8 percent from a year ago, when Paradise Co’s casino revenue stood at KRW39.35 billion.

This November’s table game revenue was approximately KRW52.11 billion, down 7.8 percent from October, but up 46.1 percent from a year ago. Machine game revenue last month was KRW4.48 billion, up 17.7 percent from October, and a 21.6-percent increase from November 2022.

No commentary on the reasons for revenue fluctuations is given in the company’s monthly updates.

The November result took Paradise Co’s calendar-year casino revenue to nearly KRW681.38 billion, up 125.0 percent on the same period in 2022.

November’s table drop – the amount of cash exchanged by customers for chips at gaming tables – rose by 1.3 percent sequentially, to KRW545.52 billion. Such drop was up 48.6 percent year-on-year.

For the 11 months to November 30, Paradise Co’s table drop was just above KRW5.59 trillion, a rise of 131.6 percent year-on-year.

Paradise Co’s latest casino figures are based on the results of four venues it operates in its casino business division. They are: Walkerhill in Seoul; Jeju Grand on Jeju Island; Busan Casino in the southern port city of Busan; and Paradise City, in Incheon, near the main international airport serving the country’s capital Seoul.

The South Korean casino operator saw its gross gaming revenue recover to pre-Covid-19 levels in the third-quarter, supported by Japanese VIP and mass gaming clients, and further recovery in Chinese VIP play, suggested JP Morgan Securities (Asia Pacific) Ltd in a memo issued in early November.

BY: 바카라사이트

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NagaCorp’s Chen politically savvy: chairman McNally

The chairman of Cambodian casino operator NagaCorp Ltd has described its late founder Chen Lip Keong as a “politically savvy” and “visionary” entrepreneur who took “bold risks when and where others might not go”.

Tim McNally (pictured) made the remarks in response to a GGRAsia request for comment.

Mr Chen’s Friday death was announced on Monday by his Hong Kong-listed company. It has a long-life casino monopoly in the Cambodian capital, Phnom Penh, which it exercises via its NagaWorld complex.

Mr McNally said Mr Chen “brought Naga[Corp] to Cambodia 28 years ago and led the way for a revitalised private sector after years of civil strife and turmoil” in that Southeast Asia nation.

The chairman added, referring latterly to several of the phases of the casino complex: “The landscape of Phnom Penh has completely changed in the past 15 to 20 years, largely due to the investment and nation-building that he promoted through development of NagaWorld 1 and 2.”

He further noted the late founder had “paved the way for others to recognise the potential growth and future prosperity for the country of Cambodia.”

NagaCorp was listed on the Hong Kong bourse in 2006.

Mr McNally stated: “He did so to elevate the profile of Cambodia and to demonstrate to others that the private business sector could succeed in a poor and developing economy.”

The chairman also added a personal touch, expressing his “deepest condolences to the Chen family”.

“I can unhesitatingly say that he had an enormous impact on the economic and social progress of the country,” added Mr McNally. “He leaves with his family and all of us at Naga[Corp] a great legacy and a firm resolve to do better because of his example.”

BY: 카지노사이트

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Macau Legend to sell Laos casino for US$6mln pre-tax gain

Gaming and hotel services firm Macau Legend Development Ltd confirmed it is to dispose of its Savan Legend casino resort (pictured) in Savannakhet, Laos, for what it now says is an “initial” consideration of US$39 million, “subject to adjustment”.

The group stated in a Thursday filing to the Hong Kong Stock Exchange that it expected the gain before tax on the disposal to be “approximately HKD47 million” (US$6.0 million).

This was on the basis that the Laos unit to be disposed of, had unaudited consolidated net liabilities of approximately HKD182 million as of October 31.

The purchaser is a man identified as Shundo Yoshinari, described as “a Japanese citizen currently residing in Japan” and an independent third party.

Macau Legend had said in June it had signed a letter of intent with Mr Yoshinari to sell to him the Savan Legend casino resort for what was described at the time as a consideration of US$45.0 million.

In May 2016, Macau Legend stated it had agreed to pay US$42 million to another party for the right to operate the casino hotel in Laos.

Macau Legend said in its Thursday announcement: “Although the gaming and hotel business in Lao PDR [People’s Democratic Republic] was profit-making for the financial year of 2022, its financial performance is unstable and such business is subject to increasingly onerous restraints in Lao PDR, thereby limiting its profitability in the future.”

The Laos unit, MLD Resorts Laos Ltd, registered in the British Virgin Islands, reported a pre-tax profit of just under HKD12.03 million in 2022, compared to a loss of HKD64.03 million in 2021, a period when the business was disrupted by restrictions linked to the Covid-19 pandemic.

Macau Legend said it expected the gain on disposal to “strengthen the cash flow of the group,” allowing it to “enhance its liquidity, and… reallocate more financial resources to its business operation in Macau and for overall future development”.

Macau Legend has business linked to one casino in Macau – Legend Palace at Macau Fisherman’s Wharf – under a so-called services agreement with Macau licensee SJM Holdings Ltd.

In August, Macau Legend reported a first-half net loss of nearly HKD182.5 million, on revenue that fell by 22.7 percent year-on-year, to HKD420.2 million. The half-year loss was an improvement on the HKD485.5-million loss recorded in the first six months of 2022.

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Ace Kluber, who is in the era of “Cy Young Award 2+No Hit No Run,” announces his retirement from active duty… The second act of his baseball career will begin

“Cory Kluber, who played 13 seasons in the big leagues, is retiring,” MLB.com , the official major league media, said on the 10th (Korea Standard Time). Kluber, who won two Cy Young Awards, announced his retirement on Instagram. He expressed his gratitude to everyone who helped him during his long journey in the baseball world in a five-word long post. “He left the possibility that he could remain in the baseball world in a different way.”

Kluber recorded 116 wins, 77 losses and an ERA of 3.44 in 271 games (1,641 ⅔ innings) in his 13th Major League season (2011-2023). Since his debut in the big league in 2011, Kluber has won the American League Cy Young Award in 2014 by playing in 34 games (235 ⅔ innings) with 18 wins, nine losses and an ERA of 2.44. Since then, he has played as a leading ace in the league, and in 2017 he won the second Cy Young Award in 29 games (203 ⅔ innings) with 18 wins, four losses and an ERA of 2.25.

However, Kluber started to decline after he was named the third All-Star in his career in 2018. Although he seemed to rebound by achieving his first no-hitter since his debut with the Yankees in 2021, he had a disappointing season with 31 wins and 10 losses and an ERA of 4.34 in 31 games (164 innings) with Tampa Bay in 2022 and only garnered three wins and six losses with an ERA of 7.04 in 15 games (55 innings) with the Boston Red Sox last year.

Kluber said, “I’m leaving the pitcher’s mound now. But my passion for baseball still lingers. I can’t wait to find opportunities to continue contributing to the world with other abilities. To everyone who will be with me in the next chapter of my baseball career, I’m looking forward to delivering what I’ve learned to the next generation of MLB players.” He talked about his feelings about retiring from active duty and what he wants to do in the future.

MLB.com said, “Klubber is now in a position to share and help the players who will follow him into the big leagues. He knows what it feels like to win a major league title with a 2.25 ERA in 2017. He knows what it’s like to fight an injury. As a pitcher, he knows what it’s like to get the MVP vote. He’s known for five years that he makes it into the top three in all Cy Young Award voting. He knows what it feels like to throw a no-hitter,” adding that he expected Klubber to become the leader in the big leagues.

“Kluber can be an excellent coach just by passing on his experience,” said MLB.com , which commented, “He helped Shane Bieber, a young pitcher at the time, only a few years ago. Bieber made his Major League debut in 2018, and at the time, he was a veteran pitcher on the team.”

Bieber had a rather modest performance in 20 games (114 ⅔ innings) with 11 wins and 5 losses and an ERA of 4.55, but he began to show full potential in 2019 and won the American League Cy Young Award in 2020 with 8 wins and 1 loss with an ERA of 1.63 in 12 games (77 ⅓ innings). He has a career record of 60 wins and 32 losses with an ERA of 3.27 in 134 games (831 innings), and Kluber played with Cleveland in 2018 and 2019.

Bieber thanked Kluber in 2021, saying, “I was lucky to meet all the coaching staff here in 2018. I tried to have as many conversations as I could. And I tried to learn everything I could. But Kluber in particular was like the standard model of where I wanted to go and what kind of starting pitcher I wanted to be.”

BY: 토토사이트

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“As I used to do without any pressure”… Should I blow “Wind After Lee Jung?”

Attention is focusing on how much Lee Jung-hoo, the “grandchild of the wind” who joined the San Francisco Giants in Major League Baseball, will perform this season.

Amid favorable prospects in the region, Lee Jung-hoo began training early.

This is reporter Lee Seung-guk.

Lee Jung-hoo left for the U.S. in line with the San Francisco club’s spring camp schedule.

Above all, I chose local adaptation as a priority.

“I think the most important thing is adaptation, so I think adapting well is the top priority and I will show you a good performance…”

Although it is still before the start of the season, expectations inside and outside the club are high for Lee Jung-hoo, who entered the Major League with a six-year mega contract of $113 million.

MLB.COM, the official website of Major League Baseball, predicted that Lee Jung-hoo’s batting average will rank in the top 10 in the big leagues this season, and also cited Lee Jung-hoo’s batting average as a key indicator that will determine San Francisco’s performance.

However, Lee Jung-hoo revealed that he doesn’t care much about this atmosphere.

“I have that responsibility because I think Ha-sung’s expectation and treatment of Korean players will be better in the future if he does well even if he does it once, but I don’t think there’s any pressure to do well because I received a lot of money.”

Lee Jung-hoo, who is in private training in Arizona, where the club’s spring camp will be set up, will work with his teammates for the first time in the middle of this month.

As early as the 24th, we will be able to see the “grandchild of the wind” wearing a San Francisco uniform in the opening game of the exhibition game.

BY: 토토사이트

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“I don’t know why you’re criticizing it” directed by Klinsmann…Growing ‘Haeim Theory’

Soccer fans’ anger toward Klinsmann, who was eliminated in the semifinals of the Asian Cup, is not going away.

Although there are growing calls for dismissal, coach Klinsmann said, “I don’t know why the criticism is so strong.”

I’m reporter Jeong Ju-hee.

Coach Klinsmann, who said the semifinals of the Asian Cup were not a failure, honestly answered, “I don’t know why public opinion is worse than the 2019 Asian Cup, when it only reached the quarterfinals.”

“I don’t know why you’re criticizing. I saw the Korean team develop positively over the past year since taking the helm. I’m looking at the North-Central America World Cup by bringing young players to the team.”

Bento, who packed in the quarterfinals of the Asian Cup five years ago, also failed to avoid criticism.

However, there was a firm color of ‘build-up football’, and eventually proved it four years later at the Qatar World Cup.

On the other hand, Klinsmann is refusing to change, relying on individual players’ abilities without any clear tactics.

Klinsmann, who has stressed to his players that he will win the one-on-one contest, found the reason for not recording any effective shots against Jordan in the national team’s offense.

“Zero shots are definitely disappointing. They didn’t create enough chances. Son Heung-min, Lee Kang-in, and Hwang Hee-chan didn’t have a chance to score as Jordan played dense defense.”

However, it is known that he will have to pay a huge penalty to replace Klinsmann, who finished in the semifinals of the Asian Cup.

In the end, the Korean Football Association even filed a petition for national consent to dismiss the Korean Football Association entirely taking responsibility for the penalty. It was deleted.

With Klinsmann refusing to resign, football fans are paying attention to the KFA’s decision.

BY: 토토사이트

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