(The Korea Herald)
The prolonged pandemic has intensified a polarization between top South Korean game companies and small and mid-sized ones.
While the smaller players took a hit in revenue and employment amid the COVID-19 outbreak, the big three — Nexon, NCSoft and Netmarble — have reaped strong earnings and are returning part of them to staff and shareholders with dramatic hikes in salary and dividends.
On Feb. 1, Nexon, which breached a 3 trillion-won ($2.72 billion) mark in revenue for the first time this year, announced a uniform pay raise of 8 million won to everyone on its payroll.