Devsisters, the darling of Korean gaming over the last two years has listed its stock publically in what has been one of the most down played IPOs I am aware of. In fact, so down played that I wasn’t aware of it until today. At the time of the IPO the company valuation was $627 million, ranking the it 32nd most valuable company in Korea. The IPO happened on October 6th. Devsisters…

Original data for this post taken from an article in Korean on Under The Radar, with additional editing from Hugh Yoon and Nathan Millard: Under The Radar, a prominent IT and Startup focused blog, recently published a top 10 list of venture backed enterprises in Korea. Not surprisingly, Kakao was placed number one in the list by a wide margin. In Korea, unlike most other venture ecosystems around the world, success is…

Last week Cookie Run, one of the most popular mobile games in Korea, celebrated its one year anniversary after a year that has been huge the game and the developer team behind it. The game has seen four consecutive quarters of outstanding revenue and two months ago released on LINE. Since this global release, Cookie Run had over 10 million downloads in Thailand alone, and the game continues to dominate in Asia…

Having achieved 18M downloads and the number 1 spot in 20 countries back in 2009 with Oven Break, the company’s first release, Korean game developer Devsisters has just released their global follow-up, Cookie Run, on the Line games platform. Despite early success with Oven Break, they struggled to maintain momentum and effectively withdrew from the global market, choosing to focus on their home turf in Korea. This was due struggles in maintaining…