EA goes Korean in online gaming deal

The deal means EA has claimed 19 per cent of Neowiz stock at a cost of $105 million.  It makes EA the second largest shareholder after CEO and founder Sung Kyun Na.

The two firms now intend to co-develop an additional four online games for the Asian market, two of which Neowiz has the rights to publish in Korea ands Japan.

“Our partnership with EA has been a tremendous success in Korea,” said Neowiz CEO Sung Kyun Na. “EA has a rich portfolio of game franchises and we look forward to partnering with them on bringing new titles and in new markets in Asia.”

EA Chairman and CEO Larry Probst added: “We are extremely happy with the expertise Neowiz showed in launching FIFA Online in Korea last year. We think they will be a great partner for bringing other EA franchises to the rapidly growing market for online games in Asia.”