Webzen Inc.

Webzen Inc.

KKRX:069080
12,100.00
KRW
+150.00
(+1.26%)
1,069.71EPS
11.06P/E
349.09BMarket Cap
Nov 05Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2,318.33
2,341.5
7,652.63
6,966.96
5,301.03
6,995.61
5,657.05
9,559.74
9,383.68
8,164.69
6,661.4
7,287.1
5,983.08
5,925.74
Basic EPS, GAAP
59
266
1,911
1,431
965
1,609
1,369
2,802
2,862
2,441
1,955
1,932
824
1,085.69
Free Cash Flow per Basic Share
-666.18
273.34
3,087.08
1,376.29
810.85
2,523.3
474.1
4,288.28
2,809.02
1,142.04
1,317.5
2,063.04
300.22
456.9
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
369.54
299.6
302.84
- -
Book Value per Share
4,137.55
4,414.38
6,308.96
7,619.42
8,582.18
10,074.73
11,419.8
14,183.96
16,831.59
19,415.55
21,097.99
22,755.64
23,518.8
23,132.84
Tangible Book Value per Share
2,124.89
2,667.46
4,837.94
6,275.99
7,291.99
9,032.79
10,438.28
13,151.55
15,782.83
18,233.25
20,019.51
21,734.62
22,409.02
22,016.73
Basic Weighted Avg Shares
31
31
32
32
31
31
31
31
30
30
29
29
29
29
Sales/Revenue/Turnover
72,079
73,472
242,222
219,993
166,267
218,877
176,052
294,092
284,783
242,140
196,290
214,747
174,437
172,255
Operating Margin (%)
3.85
19.36
30.85
25.99
26.47
31.46
29.42
36.81
36.28
34.28
25.42
25.4
17.04
15.21
Depreciation Expense
7,289
7,587
7,321
8,668
8,868
7,144
7,638
5,462
4,652
4,933
6,629
6,894
8,010
8,072
Net Income, GAAP
1,834
8,347
60,487
45,186
30,267
50,342
42,604
86,200
86,858
72,393
57,608
56,935
24,024
31,560
Effective Tax Rate (%)
62.29
26.09
8.53
21.1
34.36
26.76
26.08
25.69
28.24
31.26
19.96
20.55
32.78
31.11
Profit Margin (%)
2.54
11.36
24.97
20.54
18.2
23
24.2
29.31
30.5
29.9
29.35
26.51
13.77
18.32
Working Capital
23,012
44,627
104,121
154,672
184,105
215,804
196,069
241,003
258,506
303,374
309,687
413,709
258,653
180,675
LT Debt
- -
- -
100
- -
100
- -
3,173
1,973
3,246
2,857
1,420
3,783
2,282
1,939
Total Equity
129,714
139,497
200,861
239,680
269,455
313,939
355,615
434,688
505,911
574,360
623,899
672,635
683,894
672,762
Return on Invested Capital (%)
0.8
7.76
38.39
19.47
11.03
16.66
10.99
19.33
14.78
10.13
6.51
6.54
2.9
2.66
Return on Capital (%)
1.45
6.15
35.68
20.65
12
17.3
12.79
21.61
18.33
13.3
9.57
8.77
3.62
4.76
Return on Common Equity (%)
1.44
6.2
35.66
20.59
11.91
17.28
12.74
21.83
18.51
13.45
9.65
8.81
3.55
4.73

Capital Structure

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1,879
1,779
1,679
LT Borrowings
- -
- -
- -
LT Finance Leases
2,619
2,282
1,939
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
29
29
29
Market Capitalization
379,613
374,962
349,092

Working Capital

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
362,378
329,842
274,206
Cash, Cash Equivalents & STI
328,290
299,949
246,189
Accounts Receivable, Net
23,470
21,971
17,109
Inventories
24
26
26
Total Current Liabilities
65,909
71,188
93,531
Payables & Accruals
- -
- -
- -
ST Debt
1,879
1,779
1,679
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.18%
9.6%
1.67%
Free Cash Flow
71.62%
-22.01%
-85.6%
Net Income, GAAP
-0.03%
-19.06%
-57.81%
Sales/Revenue/Turnover
-0.09%
-9.29%
-18.77%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
61,470
48,047
49,160
56,071
214,747
2025
41,554
39,111
43,833
49,938
174,437
2026
39,373
- -
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
702
474
343
413.39
1,932
2025
46
235.16
304.73
240.27
824
2026
305.55
- -
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
299.6
2025
- -
- -
- -
- -
302.84
2026
- -
- -
- -
- -
- -

Company Description

CEO
Tae-Young Kim
Full Time Employees
474
Sector
Technology services
Industry
Internet software/Services
Address
242, Pangyo-ro Seongnam-si South Korea 463-400
IPO Date
May 23, 2003
Business
Webzen Inc. (KOSDAQ: 069080) develops, publishes and services PC, online and mobile games worldwide, with a focus on massively multiplayer online role-playing games (MMORPGs) and related titles. The company offers core products including the flagship MU Online, Korea's first full 3D MMORPG; MU franchise mobile games such as MU Origin, MU Origin 2, MU Origin 3 and MU Pocket Knights; PC MMORPGs like MU Monarch, MU Monarch2, MU Archangel, MU Archangel2, R2M, SUN Classic and Shot Online; and additional titles spanning mobile, web-based, sports and indie games such as Ragnador, The Eminence in Shadow: Master of Garden, Remore: Infested Kingdom, MU Ignition, MU Legend, Continent of the Ninth Seal (C9), Huxley, Archlord and ELOA: Elite Lord of Alliance. Webzen operates global game portals Webzen.com and Webzen.co.kr, serving over 60 million registered players across North America, Europe, Asia and other regions; it was founded in 2000 and is headquartered in Seongnam-si, South Korea. Recent developments include the launch of MU Monarch2 in Korea in August 2024; strategic investments becoming a shareholder in Panana Studio in March 2024 and Hound13 in January 2024 with publishing rights; major updates to MU Pocket Knights in November 2025 featuring 6th and 7th class advancements, PC version release, Tower of Jewel content and Battle Chapters expansion to 150; a 10% stake acquisition in GPUN completed in February 2025; an equity buyback program announced in March 2025; and the first major 2025 update for Shot Online introducing a new course and features.