Webzen keeps on growing by small steps.
Webzen, known for their Mu Online MMORPG, announced yesterday that they've secured 5.8 million in funding for their next big project, entitled "Soul of the Ultimate Nation."
WEBZEN Inc. (NASDAQ: WZEN), a leading global online entertainment company, today announced that they secured a $5.8 million licensing deal for the epic fantasy massively multiplayer online role-playing game (MMORPG) Soul of the Ultimate Nation with Japanese publisher GameOn.
Soul of the Ultimate Nation is slated for commercial distribution throughout Japan next year, and is expected to increase WEBZENs 2008 fiscal results. The license agreement covers all development and installation expenses.
The Soul of the Ultimate Nation licensing deal marks the second collaboration between WEBZEN and GameOn, and increases WEBZENs growing position in the Japanese gaming market. The two companies first partnered in 2003 on WEBZENs first MMORPG, MU Online.
Read the rest at the Business Wire.
