A new GamesBeat event is around the corner! Learn more about what comes next. 

Nexon announced today that it has increased its investment in Embark Studios, becoming the new majority share holder of the company.

Nexon is a South Korea-based company traded publicly on the Tokyo Stock Exchange that focuses on PC multiplayer games like Tera and mobile titles like the strategy-based DomiNations. Embark is based in Stockholm, Sweden. The young studio started in 2018 and is working on its first (and undetailed) multiplayer project.

Embark’s founder, Patrick Söderlund, joined the Nexon board of directors after Nexon made its initial investment in Embark in November 2018. Söderlund was previously an executive at Battlefield developer DICE and Electronic Arts. Now Nexon owns 66.1% of Embark’s shares as it hopes to use the studio to expand its influence in Western markets.

“Embark has been making incredible progress on its projects in a short period of time, and since joining the board, Patrick Söderlund has been essential in helping drive our vision forward, so it only made sense to bring the companies even closer together,” said Owen Mahoney, president and CEO of Nexon, in a press release sent to GamesBeat. “Bringing Embark into the Nexon family will be integral to our Western growth strategy, accelerate our ability to share expertise across studios and maximize our expertise of live game operations to create deeply engaging online worlds.


Three top investment pros open up about what it takes to get your video game funded.

Rumors earlier this year suggested that Nexon was looking to sell, but company founder Kim Jung-ju has recently called off the attempt.


GamesBeat's creed when covering the game industry is "where passion meets business." What does this mean? We want to tell you how the news matters to you -- not just as a decision-maker at a game studio, but also as a fan of games. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn about the industry and enjoy engaging with it. How will you do that? Membership includes access to:
  • Newsletters, such as DeanBeat
  • The wonderful, educational, and fun speakers at our events
  • Networking opportunities
  • Special members-only interviews, chats, and "open office" events with GamesBeat staff
  • Chatting with community members, GamesBeat staff, and other guests in our Discord
  • And maybe even a fun prize or two
  • Introductions to like-minded parties
Become a member