Creator Of Blockbuster Game ‘Goddess Of Victory: Nikke’ Joins Ranks Of Korea’s 50 Richest [Forbes]
TENCENT HLDGS UNSP/ADR (TCEHY)
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Source: Forbes
The $320 million IPO last July of online games developer Shift Up, Korea's second-largest listing of 2024, made its founder and chairman Kim Hyung-tae a billionaire Though Tencent-backed Shift Up's shares have fallen more than a third since and Kim's net worth has shrunk to $725 million, that still earns him a debut spot in the ranks of the country's wealthiest. A former video game artist, Kim designed Blade & Soul, a top-selling game of fellow listee Kim Taek-jin's NCSoft, where he worked for eight years. He started Shift Up in 2013 and nine years later launched his own blockbuster title, Goddess of Victory: Nikke , a third-person shooter and role-playing game with anime-style graphics. Another global hit was Stellar Blade . Launched last year, it achieved the highest user score (9.2) for a Sony PlayStation 5 game on review aggregator Metacritic. In 2024, Shift Up's revenue rose by a third to 224 billion won ($152 million), while net income increased 39% to 148 billion won.
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