Webzen Inc : WEBZEN Changes Gala-Net’s Name to WEBZEN West Inc.
June 05, 2013 at 10:16 pm EDT
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June 4, 2013 - WEBZEN Inc., a global leader in next-generation free-to-play games, announces that Gala-Net, Inc. and its subsidiary, Gala Networks Europe Ltd., a leading publisher of free-to-play online games and operator of the gPotato portals, will now operate under the corporate names of WEBZEN West, Inc. and WEBZEN Dublin Ltd.
WEBZEN completed the legal steps necessary for the corporate name changes to WEBZEN West and WEBZEN Dublin on May 9, 2013.
WEBZEN acquired both companies in February 2013. Following this acquisition, WEBZEN West and WEBZEN Dublin have changed their corporate identities to incorporate the logotype for WEBZEN Inc.
Both companies will implement a new business strategy of focusing on the global publishing business in North/South America and Europe under the WEBZEN brand.
WEBZEN West and WEBZEN Dublin have operated gPotato portals, hosting diverse free-to-play MMORPGs such as Flyff, Rappelz and Allods Online to more than 23 million registered users in North America and Europe. Additionally, the upcoming Martial Arts-MMORPG, Age of Wulin will launch in Europe in 2013.
"Contributing to the development of a global corporate culture and an independent management with cultural diversity of our subsidiaries, we expect to generate a significant synergy effect in the global markets," said Tae Young Kim, CEO of WEBZEN. "We are confident that we will gain a momentum of entrepreneurial growth and positive corporate culture from an effective and continuous communication with our subsidiaries."
Webzen Inc is a Korea-based company mainly engaged in the development and publishing of games. The Company operates its business through two segments. The Game Development and Service Intellectual Property License segment develops and sells mobile games such as Mu Origin 1 and Mu Origin 2 and online games such as Mu Online, R2, Shot Online, and Mu Online H5. In addition, the Segment is engaged in game intellectual property(IP) alliance business of Awakening, Spiritual Sanctuary, Archangel Earth Sword H5 and others. The Game Development and Service and Other segment develops and sells other online games and mobile games. The Company sells its products in domestic and overseas markets such as Japan and China.