Nexon Inc., (CEO Min Seo, ShinChul Kang) announced on the yesterday that Nexon has acquired the management rights to GameHi Inc., (CEO WoonSang Jung), a development company famous for “Sudden Attack, and “Dekaron”.

Nexon acquired 29.30 percent of the shares, which includes management rights of GameHi from GunIl Kim, the largest shareholder, for 73.2 billion won. Through this acquisition, Nexon will be able to merge its online game publishing know-how and infrastructure with the expert game development capabilities of GameHi to create greater value for the company and increase Nexon’s influence as the global leader in the game industry.

GameHi is an online game development and service company founded in 2000 and is famous for games such as “Sudden Attack”, “Dekaron” and “Metal Rage”. “Sudden Attack”, after opening official service in August of 2005, has reached 250,000 concurrent users, been number one in PC Café market shares for 106 continual weeks, and is regarded as the game that popularized first person shooters in Korea. In 2009, GameHi recorded a total revenue of 41.5 billion won and operating profits of 11.9 billion won.