- New video games now should cross three approval levels: idea, manufacturing and launch.
- Nexon reportedly plans extra restructuring targets subsequent 12 months than the eight it had this 12 months.
- Labour prices will reportedly be frozen at this 12 months’s degree, with greater than 300 workers ready for assignments.
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Korean writer Nexon has cancelled six initiatives in current months as a part of a company-wide push to chop prices and deal with extra worthwhile video games.
In its Q3 2026 earnings letter printed on November tenth, Nexon mentioned it had discontinued six initiatives and moved their budgets and workers to initiatives with better industrial potential. The corporate didn’t identify the initiatives.
“Within the current months, we have now discontinued six initiatives and deployed the finances and folks to initiatives with better industrial potential,” the corporate mentioned.
Different initiatives halted this 12 months embrace Mission EL, a serious new sport stopped in April after two years in growth, and Mission Everett, a co-op motion sport from subsidiary Buttons. Buttons closed after Mission Everett was cancelled. Nexon had invested round $36 million within the studio.
The cuts observe a evaluation led by chairman Patrick Söderlund, who took the function in February. At Nexon’s capital markets briefing in Tokyo in March, Söderlund mentioned the corporate’s portfolio was too broad and that Nexon had been too sluggish to make tough selections.
He added that Nexon would solely preserve initiatives that meet a brand new minimal revenue commonplace. Nexon has since introduced in a three-stage approval course of. New video games are actually reviewed on the idea and prototype stage, once more earlier than full manufacturing, and a closing time earlier than launch.
Deeper cuts forward
Based on Korea Economic Daily, Nexon’s technique for subsequent 12 months contains extra restructuring targets than the eight companies and initiatives it halted or reorganised this 12 months. The plan was reportedly drawn up a month sooner than ordinary amid considerations over a shrinking participant base and competitors from streaming companies.
Nexon can even reportedly freeze labour prices at this 12 months’s degree and preserve hiring to a minimal. Greater than 300 workers throughout Nexon Korea, Neople and Nexon Video games are mentioned to be ready for brand new assignments.
A senior Nexon official advised the outlet that the corporate was approaching its overhaul with a “do or die” mindset, warning that it wanted to make vital adjustments to outlive.
The stress comes as Krafton challenges Nexon’s place as Korea’s greatest video games firm, a spot Nexon has held by income and working revenue since 2008. Krafton overtook Nexon within the first half of 2026 with file income of $1.84 billion and working revenue of $671m.