Gaming company NHN Entertainment said on March 29 that it would change its corporate name to NHN Corp. as part of its efforts to accelerate its transition into an IT company.
The decision, made at the firm’s shareholders’ meeting that morning, will come into effect on April 1.
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NHN Entertainment was established in 2000 after the merger between game publisher Hangame and webportal company Naver in the same year.
In 2013, the game company and the webportal operator became separated again, and NHN Entertainment has focused mainly on its existing gaming business for the past years.
The game developer has recently been venturing into new segments, including fintech, cloud, artificial intelligence, and big data.
Payco, a mobile payment solution, and Toast, a cloud solution, are some of the company’s new businesses.
“In the fast-paced global business environment, NHN will try to put more focus on its core values to develop new technologies and expand its operations,” said Chung U-jin, the CEO of NHN during the shareholders’ meeting.
By Kim Young-won (firstname.lastname@example.org)