SEOUL, KOREA - Game stocks are sliding amid concerns about their performances. On January 28, Com2us, a Korean mobile game maker, closed at 40,150 won, down 7.06 percent or 3,050 won from a day ago. Another mobile game maker Gameville also saw its stock price tumble by 7.33 percent or 7,300 won to 92,300 won.NCSoft, JCE and Neowiz Games each saw their stock prices fall by 4.98 percent, 2.93 percent, and 2.83 percent, respectively.
Key factors behind the decline in the prices of game stocks include the growing worries about their performances plus net selling by foreign investors.
Com2us, for example, is expected to report disappointing results for the fourth quarter of last year, with its fourth-quarter sales likely to fall due to a plunge in sales of its mobile game Tiny Fam.
Another factor behind the sluggish performance of mobile game stocks is that the increase in sales of KakaoTalk-related games leads to an increase in commission payments.
enews@hankyung.com
*Article provided by The Korea Economic Daily
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