|Black Desert gives South Korea another millionaire of online games|
Joined: 04 Jan 18
Black Desert Online is a MMORPG developed by Pearl Abyss published by Kakao Games in 2014. Black Desert Online uses a free-to-play model in Korea Japan and Russia while in Europe and North America the game uses a buy-to-play model. Features dynamic day/night cycle and random weather system BDO set a benchmark of online immersive game.
Pearl Abyss's successful role-playing game Black Desert Online has helped make founder Kim Dae-il the last billionaire of online games in South Korea.
The shares of the Anyang-based developer have more than doubled since its initial public offering in September adding about US $ 689 million to Kim's fortune and giving it a net worth of US $ 1,100 million according to the Multimillionaires' Index. Bloomberg.
Kim who directly owns 39% of the company confirmed his net worth and the size of his stake. "The gaming and computer industries require less investment at an early stage compared to other areas," said Kim 37 years in an email.
"So you can try a lot of things if you spend time and effort." The company which started with only seven employees in 2010 and as of September 2017 had more than 200 plans to launch a mobile version of Black Desert later this month.
More than 2 million users have registered for the game in just three weeks.
"Expectations in the run-up to the company's expansion into mobile games with the launch of a new game have raised the price of the stock," said Kim Hak-joon of Kiwoom Securities in Seoul.
Black Desert which is played in more than 100 countries "satisfies the tastes of players abroad with their offer of more freedom to choose options," he said.
Partnership with Microsoft
The original online game that reached the market in 2014 has generated sales that exceeded 400.00 million won (US $ 376.6 million) of which 80% came from abroad. Pearl Abyss plans to expand to other platforms and partnered with Microsoft Corp. to introduce Black Desert into the console market this year. Kim said that at least two new games are in development.}
Kim left the university to pursue his dream of creating games. With the success of Black Desert Kim joins the group of billionaires by industry merit which includes Bang Jun-hyuk of Netmarble Games Corp. and Kwon Hyuk-bin of Smilegate Holdings.
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