On July 30, 2010, a jury in a Texas federal court awarded him US$28 million in damages. In addition, he claimed that the company was guilty of fraud by forging his resignation announcement. Garriott asserted in his suit that he was forced out of the company and was made to sell his 400,000 shares in NCSoft's stock, costing him millions of dollars. Richard Garriott, lead developer of the failed MMORPG Tabula Rasa, sued NCSoft for US$24 million in damages concerning his termination from the company. On July 22, 2010, requested the case be reopened. On April 23, 2010, the case settled, but the terms of the settlement were kept confidential. CEO Thom Kidrin claimed the idea of a "scalable virtual world with thousands of users" is patented by his organization and targeted NCSoft for patent infringement in 2008, in what he says will be the first of many lawsuits against MMO developers. According to NCSoft, the potential damages may exceed US$1 billion.
#Lineage w ncsoft code#
On April 27, 2007, Seoul Metropolitan Police said that seven former employees of NCSoft are suspected of selling the Lineage III source code to a major Japanese game company. NcSoft Structure Controversies Stolen source code In March 2022, the Public Investment Fund of Saudi Arabia acquired a 9.26 percent stake in NCSoft, becoming the company's second largest shareholder after Kim Taek Jin. On August 21, 2020, NCSoft entered the Korean entertainment industry by launching a new subsidiary called "Klap Co., Ltd." Klap and NCSoft launched the entertainment platform UNIVERSE on January 28, 2021. On November 19, 2015, NCSoft West announced the formation of Iron Tiger studios, a developer based out of San Mateo, California focused on adapting Korean-made mobile titles for the West, as well as developing their own mobile games. Nexon sold all of its shares of NCSoft in October 2015. In 2012 Nexon acquired a 14.7 percent interest in NCSoft for $688 million. In June 2012, NCSoft launched Blade & Soul, their first MMORPG since Aion launched in 2006. In 2011, NCSoft purchased Hotdog Studio, a mobile game studio based in Seoul that produces phone and smartphone titles such as Dark Shrine. The talks were expected to last less than a month, but it took seven for NCSoft to complete the acquisition purchasing 76% of Ntreev's stock for ₩108 billion ( US$96.7 million) on February 15, 2012. On July 8, 2011, NCSoft started talks with SK Telecom to acquire Ntreev Soft Co., Ltd. On July 28, 2021, NCSoft announced that it was adding the talents of long-time video game industry veteran Jeffrey Anderson (game designer) to its executive leadership team as the new CEO of NCSoft West, overseeing its games business in the Americas, EMEA, and Oceana regions. On September 10, 2008, NCSoft announced the formation of NCSoft West, a subsidiary which manages NCSoft's other western organizations, and established its headquarters for that subsidiary in Seattle, Washington.
NCSoft also published Guild Wars 2 but stopped being the publisher for Guild Wars 2 in 2015 with the release of Heart of Thorns. On April 26, 2005, NCSoft published Arenanet's first MMO Guild Wars Prophecies as well as Arenanets follow up campaigns Factions and Nightfall and the expansion Eye of the North. They brought City of Heroes to several European countries on February 4, 2005, and have since established European service for WildStar and Blade & Soul as well.
The company formed NCSoft Europe in July 2004 as a wholly owned subsidiary with its main office in Brighton, England. In 2004, NCSoft launched two MMORPGs, Lineage II and City of Heroes. In April 2001 the company created a US subsidiary under the name NC Interactive (based in Austin, Texas, and would later become NCSoft West) after acquiring Destination Games, headed by Richard Garriott and Robert Garriott. In September 1998, NCSoft launched its first game Lineage. NCSoft was founded in March 1997 by Kim Taek Jin. NCSoft Corporation ( Korean: 엔씨소프트, stylized as NC, formerly stylized as NCSOFT) is a South Korean video game developer and publisher headquartered in Pangyo, Seongnam, South Korea, primarily known for the distribution of massively multiplayer online role-playing games such as Lineage and Guild Wars.
Kim Taek Jin, the founder and CEO of NCSoft
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