Netmarble Games IPO (Part 3): Valuation Sensitivity Analysis
Our base case valuation for the company is 170,000 won per share (using 2018 EV/EBITDA), which suggests implied market cap of 14,658 billion won...
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Com2us: The Cheapest Mobile Game Company on the Planet
Pioneer of the mobile game in Korea even before the emergence of smartphone Com2us Corp (078340 KS) is one of the major mobile game developer and...
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Stark Reality of VR Market - Telcos Are Pushing VR for 5G in Korea
Virtual Reality (VR) is not really taking off. We had and we are still having high expectations on VR, but the actual sales numbers are quite...
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NCsoft's Recent Price Fluctuation - Root Cause and Dilemma
NCsoft has gained a lot of attention in the stock market last week. The price fell nearly 10% on a single day (Dec 1). It again fell about 10% on...
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Start of One-Shot Act - The Good, Bad, and the Ugly
The "One-Shot Act" (also called The Special Act on the Corporate Revitalization) effectively started in Korea on 16 August when Hanwha Chemical...
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