Nexon Games experienced a decline in its stock price following the announcement of the halt in development of the sequel to 'Durango: Wild Lands,' but the shares rebounded in the afternoon.
According to the Korea Exchange, as of 12:43 PM, Nexon Games' stock was trading at 11,440 won, up 90 won (0.79%) from the previous trading day. The stock opened at 10,960 won and fell to 10,830 won in early trading, a drop of 4.58%, but later recovered.
The initial drop in stock price is attributed to the notification given to studio members about the cessation of development for 'Project DX,' the sequel to 'Durango: Wild Lands.'
Project DX was first revealed at Nexon's pre-G-Star briefing in October 2024 and was based on 'Durango: Wild Lands,' which was released in 2018 and discontinued after about a year. It had been considered one of Nexon's key upcoming titles. However, since its announcement, there has been no detailed information regarding its development progress or release schedule.
This development halt aligns with Nexon's recent strategy to reorganize its game portfolio, focusing on profitability and development progress.
Nexon Chairman Patrick Söderlund stated during a capital market briefing in March that the company's product portfolio was "too broad" and indicated plans for adjustments.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.