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Largest Gaming - Mobile Public Companies in South Korea
Benchmark revenue and EBITDA valuation multiples for public comps like
Krafton, Netmarble, Shift Up, DoubleUGames and NHN Entertainment.
 | Krafton Inc is a South Korea-based game developer and publisher engaged in creating and distributing PC, mobile, and console games. Its activities also extend to game software services, mobile app development, video content production, and related investment and consulting work. The company manages multiple studios, including PUBG Studio, Bluehole, RisingWings, Striking Distance Studios, Dreamotion, and Unknown Worlds, and is known for titles such as PUBG: Battlegrounds, New State Mobile, BGMI, Defense Derby, The Callisto Protocol, Ronin: The Last Samurai, Road to Valor, Moonbreaker, and Subnautica. | $179 | -28% | $8B | $6B | 2.7x | 7.6x | ||
| Netmarble Corp is an online gaming company in South Korea. Its core business include game development and game publishing throughout the world. Some of its games include Tera M, FishingStrike, Raven, Seven Knights, among others. | $29 | -17% | $2B | $3B | 1.4x | 7.2x | ||
| Shift Up Corp is a game design and development studio that covers a wide range of areas from game production to promotional videos and music production, based on illustrations and solid planning and programming capabilities. | $19 | -43% | $1B | $728M | 3.6x | 4.6x | ||
| DoubleUGames Co Ltd is a Korea-based game development company. It offers multiple gaming products such as DoubleU casino game and DoubleU bingo game and others. The company also provides Wookie Casino, a social casino game, as well as bingo, and slot machines games. In addition, it distributes its products domestically and in international markets. | $46 | +34% | $883M | $252M | 0.5x | 1.5x | ||
| NHN Entertainment Corp is engaged in the business of electronic gaming and multimedia. Its primary activity is to develop and sells online and mobile game software such as web board, massively multiplayer online role-playing game, sports games, arcade games, puzzle games, among others. The company also manages affiliated companies in the fields of e-commerce and payment, game operation and support, security and technology, game development studio and operation. | $26 | +106% | $816M | ($108M) | (0.1x) | (0.6x) | ||
| Kakao Games Corp is engaged in the business of developing and publishing Mobile and PC games. | $7 | -35% | $625M | $710M | 2.2x | 195.7x | ||
| Wemade Co Ltd is a Korea-based company develops online and mobile game software. It offers online games such as ICARUS, Legend of Mir2, Legend of Mir3 and Chunryongki and it offers mobile game such as Wind runner, God's martial arts and Wind soul. The amazing library of games not only provides fun and enjoyment for customers in Korea but also all over the world. In addition, the group is also engaged in the publishing activities. | $14 | -23% | $459M | $312M | 0.7x | 7.6x | ||
| Neowiz is a South Korea-based company. It is engaged in game production and publishing game portal bell pepper service. The company provides online games, web board games, smartphone games, and neoply. | $14 | -21% | $271M | $71M | 0.2x | 1.4x | ||
| Webzen Inc is a South Korean technology company that develops and publishes online games and engages in software licensing and related services. Webzen offers free-to-play games and generates revenue through in-game virtual currency purchases. The company’s segments include personal computer online games, console games, mobile network games, and derived merchandising enterprises. The firm operates a service platform known as Webzen across North America, Europe, and South America. One of Webzen's notable games is MU Origin. | $7 | -22% | $214M | $54M | 0.5x | 1.9x | ||
| Devsisters Corp is a South Korea-based company. It is engaged in the content, technology, and service businesses. | $12 | -57% | $127M | $76M | 0.4x | 4.3x | ||
| T3 Entertainment Inc is a professional game developer with development technology for various game platforms such as PC games, mobile games, and console games. | $2 | +57% | $109M | $62M | 1.3x | 3.6x | ||
| Neptune Co is a mobile game developer that aims to develop its own games and acquire IPs in various genres. | $2 | -54% | $96M | $77M | 0.9x | (2.9x) | ||
| JoyCity Corp develops and markets gaming products. It has developed games like Pirates of Caribbean: Tides of war; Oceans and Empires; Game of Dice; and Warship Battle. | $1 | +4% | $79M | $135M | 1.5x | 332.6x | ||
| Com2uS Holdings Corp is a South Korea based company engaged in the mobile games sector. | $10 | -27% | $69M | $189M | 2.9x | 4.9x | ||
| Nexus Co Ltd formerly Action Square Co Ltd develops mobile games in South Korea. Its products include blade, Three Kingdoms Blade, Blade 2, and Project G. | $1 | -33% | $65M | $84M | 3.5x | 83.0x | ||
| ME2ON Co Ltd is engaged in the business of developing and servicing online/mobile games. It offers an integrated Fullpot Poker, Full House Casino, Classic Vegas Casino, Solitaire, VR Casino, and other games. | $2 | +46% | $60M | $7M | 0.1x | 0.8x | ||
| Wemade Play Co Ltd is engaged in the development and supply of game software. Its games include the Anipang series, Disney Pop Town, Slot Mate, and Others. The group develop and service mobile games. Its revenue sources include in-app purchases generated through the sale of in-game items by launching mobile games on open market platforms, as well as advertising revenue generated by displaying advertisements to game users through advertising monetization platform. | $5 | -- | $49M | $20M | 0.2x | 0.9x | ||
| Actoz Soft Co Ltd is an entertainment company, operates in the online gaming industry in South Korea. The company's business includes online and mobile games and services. | $3 | -24% | $35M | ($92M) | (2.0x) | (3.2x) | ||
| Aptocrom Inc Formerly AP Healthcare Inc is engaged in mobile game business such as game publishing. It also provides domestic wireless lighting control services. | $2 | +802% | $31M | $20M | 3.1x | (5.9x) | ||
| Beno TNR Inc is engaged in interior architecture. The group provides energy-saving solutions for eco-friendly buildings. Its business includes the Construction business, the Robot business, and Benobio. The group generates the majority of its revenue from the Construction business. | $1 | -28% | $29M | $18M | 5.7x | (1.3x) | ||
| YLAB Corp is engaged in the planning and production of webtoon, video production, webtoon education, and webtoon localization. In addition, the scope of the business has been expanded to the planning and production of video works. | $2 | -- | $28M | $20M | 0.8x | (4.9x) | ||
| Playwith Korea Inc is a South Korean company operating in the electronic gaming and multimedia industry. The company is engaged as a fame developer and publisher. | $2 | -22% | $16M | $13M | 0.6x | 3.7x | ||
| Mobirix Corp develops and publishes games. The company develops and publishes mobile games globally, focusing on casual and mid-core RPG games. The revenue of the company is broadly categorized into in-app purchases, advertising, and other revenue. | $1 | -55% | $14M | ($7M) | (0.3x) | 0.9x | ||
| ITOXI Corp, formerly YD Online Corp is engaged in offering mobile games and online games. Some of the games are Lookism, God of Highschool, Line Bleach and others. The game business generates revenue through a variety of channels, including user payments, events, and IAA advertising revenue, based on a freemium model. | $0 | -90% | $3M | $4M | 1.0x | (1.4x) | ||
| Median | $4 | -23% | $88M | $67M | 0.9x | 1.7x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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