Nexon Announces Strategic Partnership with moonrabbit

  Nexon Announces Strategic Partnership with moonrabbit

    Leading South Korean Mobile Developer Enhances Nexon’s Mobile Pipeline

Business Wire

TOKYO -- October 29, 2013

NEXON Co., Ltd. (“Nexon”) (3659.TO), a worldwide leader in free-to-play online
games, today announced a strategic partnership with moonrabbit, a mobile game
development studio based in Seoul, South Korea. Financial terms of the
transaction were not disclosed.

Founded in 2013, moonrabbit is the developer behind the hit South Korean
title, Fantasy Runners for Kakao, which received over 1 million downloads in
the first week following its July 2013 launch. Under the terms of the
agreement, Nexon will make a cash equity investment in exchange for a
strategic equity stake in the company. The agreement provides Nexon with
global publishing rights to the Fantasy Runners series in addition to certain
rights for new titles. In conjunction with the investment, Nexon will nominate
a member to moonrabbit’s Board of Directors. Additional terms of the
partnership were not disclosed.

“This partnership marks another important step in our mobile strategy and will
expand our library of mobile titles in Korea and around the world,” said Owen
Mahoney, Chief Financial Officer of Nexon Co., Ltd. “We are excited to work
with moonrabbit’s talented team to deliver their innovative titles to more
players on more platforms around the world.”

“We are thrilled to have the opportunity to collaborate with Nexon,” said
Yungi Jang, CEO of moonrabbit. “We look forward to leveraging Nexon’s
multi-platform publishing expertise as well as the Company’s global network
and international presence to deliver our titles to even more players.”

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 and 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 nearly 60
online games in more than 100 countries and since its founding, Nexon has
generated more than 1.4 billion player registrations. The Company is
headquartered in Tokyo, Japan and its shares are listed on the Tokyo Stock

About moonrabbit

moonrabbit is a mobile development studio based in Seoul, South Korea. Founded
in January 2013, it has been providing high-quality games since the launch of
Apple’s App Store in 2009. Its most popular titles include Sudoku and Fantasy
Runners, both of which gained moonrabbit recognition for their developmental
capability and gameplay. SUDOKU, released in October 2009, ranked #1 on the
paid apps list of the South Korean App Store. Fantasy Runners, released in
February 2012, rose to the #1 position on the paid games list of the Japanese
App Store. Fantasy Runners for Kakao, released in July 2013 for the Kakao Game
Center, surpassed one million downloads in the first week of launch and ranked
#1 on the free game rankings of both Apple’s App Store and Google Play.


For Nexon:
Owen Mahoney, Chief Financial Officer
Tel: +813-3-3523-7910
Greg Melchior, Corporate PR
Tel: +813-3-3523-7919
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