Nexon to Adopt International Financial Reporting Standards
TOKYO -- April 22, 2013
NEXON Co., Ltd. (“Nexon”) (3659.TO), a worldwide leader in free-to-play online
games, today announced that it has implemented International Financial
Reporting Standards (IFRS) for its consolidated financial statements,
beginning with its quarterly financial results for the first fiscal quarter,
ended March 31, 2013, as determined during a meeting of the Board of Directors
About NEXON Co., Ltd.
NEXON Co., Ltd. (“Nexon”) (3659.TO) is a worldwide leader in free-to-play
online games. Founded in Korea in 1994, Nexon developed one of the world's
first graphics-based massively multiplayer online games. Nexon also pioneered
the concept of microtransactions in the free-to-play business model, setting a
new standard in which play is free, and users have the option to purchase
in-game items to enhance their experience. Nexon currently services more than
50 online games in more than 100 countries and since its founding, Nexon has
generated more than 1.3 billion player registrations. The Company is
headquartered in Tokyo, Japan and its shares are listed on the Tokyo Stock
NEXON Co., Ltd.
Seungwoo Choi, Chief Executive Officer and President
Owen Mahoney, Chief Financial and Administrative Officer
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