COVID-19 widens gap among top 3 Korean game companies and the rest

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(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. 

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