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.