Medium-sized gaming company Neowiz Games has developed games in various genres, including social casino games, and it’s getting the stock market’s attention. For the past four years, other than the gaming business, it’s main business, Neowiz has also focused on virtual assets.
According to the Korea Exchange, Neowiz Holdings, the parent company of Neowiz Games, saw some positive activity in the market at the end of last month.
The stock market is paying a lot of attention to expectations of Neowiz group’s connection to virtual assets. Reflecting on the cases of WeMade and the merger of GAMEVIL and COM2US, analysts say that Neowiz Games is also expected to connect various new businesses to blockchain.
In actuality, Neowiz Holdings is a holding company of Neowiz group and it has made investments in blockchain business through a subsidiary NeoFly. Neowiz Holdings started to invest in the blockchain project in 2017 for the first time for this industry, and it is participating in node operating projects of various blockchain platforms at home and abroad. It is also serving as a company that verifies block creation of Klaytn, a blockchain platform developed by Ground X which is the blockchain subsidiary of Kakao.
Pangyo Technovalley is an innovation hub for global companies comparable to the Silicon Valley in the US, Zhongguancun in China, and STATION F in France. It is an Asia tech hub with 1,259 IT, BT, CT, and NT companies that possess innovative products and technologies. Located just south of the metropolitan area, it provides the best environment for Korean companies to do business with great transportation access and infrastructure.
Various high-tech companies are located in Pangyo Technovalley, and it is occupied by 64,000 full-time employees, many in their 20-30s. In terms of industry, the companies are engaged in information technology, contents technology, biotechnology, and nanotechnology.
With the support of innovative companies with global capabilities such as Kakao, Naver, AhnLab, Krafton, NCSoft, Nexon, and Hancom, companies in Pangyo Technovalley recorded 107 trillion won in sales last year. Investment and infrastructure growth in Pangyo is expected to continue, with the Metaverse hub entering Pangyo this year.