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<b>Smilegate</b> – Founder of once-failing studio is now Korea’s 4th richest man

According to Forbes, the founder of developer Smilegate, Kwon Hyuk-Bin, is now South Korea’s 4th richest man. Kwon Hyuk-Bin currently owns 100% shares of Smilegate Holdings, and his company was once on the edge of closing down. Tencent, China’s biggest games publisher, swooped in to secure the rights for CrossFire, which became the world’s No.2 revenue online game back in 2014.

The rest is history, as CrossFire broke records after records, though mainly just in China. Smilegate has now diversified into mobile games and PC online games, with Lost Ark one of the most anticipated MMORPGs in the community right now. Last year, it was announced a big-budget Hollywood movie based on CrossFire will be made, though currently no script nor actors are confirmed.

About the Author

cinderboy Your average online gamer who is bilingual in Chinese and English, although he does try to play Japanese and Korean games sometimes. Online gaming since 1999, and has worked in the online gaming and mobile gaming industry (Journalist, Game Master, Community Manager, Operations Manager) since 2008.

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