Perfect World, Nexon Establish New Online Games Company In Korea

Major Chinese MMO maker Perfect World has announced a
partnership with Tokyo-based online game publisher Nexon, and the
establishment of a new online games company in Korea.

The two companies have banded together to establish the tentatively
named 'New Company', with the aim to manage and operate online games in
the region. No other details regarding the company have yet been
divulged.

Michael Chi, CEO at Perfect World, explained, "We are very pleased to build a strategic partnership with Nexon."

"This strategic alliance will help us further expand our user base and
provide the highest quality services to local players in the Korean
market. The introduction of more of Perfect World's online games into
the Korean market will help further strengthen our international
reputation as a comprehensive online game developer and operator."

Nexon Korea CEO Min Seo added, "We are very excited about establishing
this New Company with Perfect World to bring more of their titles into
the Korean market." Nexon was originally founded in Seoul, and moved its
headquarters to Tokyo earlier this year.

Media reports from earlier this week claimed that Nexon is readying an initial public offering on the Tokyo Stock Exchange for next month.