NCsoft, NHN Shares Slump on Regulation Speculation: Seoul Mover
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NCsoft Corp. led South Korean gamemaker shares lower in Seoul stock trading on speculation the government will continue to regulate the industry.
NCsoft, a producer of online games, slumped 6.1 percent to 147,500 won, its steepest drop since Dec. 5. NHN Corp., the country’s biggest Internet search-engine operator, declined 6.3 percent to 216,500 won. Gamevil Inc. tumbled 14 percent to 90,300 won, the biggest loss since Aug. 19, 2011, while Neowiz Games Corp. sank 7.7 percent to 22,250 won, the lowest close since Dec. 7. The benchmark Kospi index added 0.3 percent.