Nexon America Third Quarter Revenues Increase 29 Percent over 2010

LOS ANGELES--(BUSINESS WIRE)--NEXON Co. Ltd., a worldwide online gaming innovator and pioneer of the microtransaction business model, has announced that revenue at its North American business unit, Nexon America, Inc., grew 29 percent in the third quarter compared to the same period in 2010. This marks Nexon America’s ninth consecutive quarter of year-over-year revenue growth.

“We are pleased with the continued rapid growth that we are seeing in North America”

Nexon America’s third quarter was highlighted with the launch of the award winning and critically acclaimed “Dragon Nest,” an online action multiplayer role-playing game. “Dragon Nest,” developed by Eyedentity Games for Nexon, had a successful third quarter launch and has been lauded by gaming press including IGN, which gave it their “Editor’s Choice” designation.

“We are pleased with the continued rapid growth that we are seeing in North America,” said Nexon America CEO Daniel Kim. “Our engaging content and microtransaction-based business model continue to attract new players and to delight our existing players. It is clear that our efforts to deliver what’s-next-online are paying off.”

Nexon is entering the fourth quarter with plans to deliver next-level games across a variety of platforms. Nexon recently announced that “Zombie Misfits,” a tower defense game on Facebook, has entered its open beta phase. In November, Nexon will add the PC-based, online first-person-shooter (FPS) “Sudden Attack” to its portfolio. Additionally, “MapleStory Adventures” will officially launch in November, exiting an extremely successful open beta phase on Facebook. Nexon is also supporting the November launch of “Combat Arms: Zombies,” a version of its popular FPS for the iOS mobile platform, powered by Unreal Engine 3.

For more information on Nexon America and its products, go to www.nexon.net/ or to Facebook at www.facebook.com/nexonamerica.

About Nexon America, Inc.

Nexon America, Inc. is the North American publishing arm of NEXON Co. Ltd., which has created and delivered what’s next online for gamers for more than 15 years. Based in Los Angeles, Nexon America was founded in 2005 to bring the best of online entertainment to North American audiences. The company's growing library of titles includes the world famous franchise “MapleStory;” the new fantasy life of “Mabinogi;” the fast-paced, first-person shooter “Combat Arms;” the action-adventure role-play game “Dungeon Fighter Online;” the stylized online world of “Atlantica Online;” the physics-based action game, “Vindictus” and the fast-paced action MMORPG, “Dragon Nest.” The foundation of all Nexon America titles is the microtransaction-based business model, in which users can play the full game for free and can also choose to purchase in-game items to enhance their gaming experience.