Shares-of-Korean-game-firms-to-rise-NH-Securities
NCSoft head office/Courtesy of NCSoft

NH Investment & Securities said on February 13 that a pair of Korean gaming companies would saw their share prices rise on the Seoul bourse.

The Seoul-based brokerage house picked Come2uS and NCSoft, whose prospects are bright.

Founded in 1998, Come2uS is an innovative mobile and online game publishing company.

NCSoft is one of South Korea’s representative video game developer. Included in its major products are Lineage, City of Heroes, Guild Wars, and Blade & Soul.

The launch of three Come2uS games have been delayed. But they are expected to hit the market in the near future, thus improving the momentum of the company,” NH analyst Ahn Jae-min said.

Regarding NCSoft, Ahn raised the target price from 750,000 won to 800,000 won.

NCSoft is projected to chalk up a substantial growth in its performance this year. Its Lineage 2M is doing well, and it also plans to tap Taiwan and Japan later this year,” he said.

As the company is set to keep releasing new products next year, its upside momentum would continue.”

NH Investment was launched in 2006 when Sejong Securities was incorporated into the National Agricultural Cooperate Federation, otherwise known as Nonghyup.

Currently, CEO Jeong Young-chae heads the outfit, whose largest shareholder is NH Financial Group. Its stake is 76.09 percent.