Wemade

Wemade Co., Ltd (formerly Wemade Entertainment Co., Ltd) is a South Korean video game developer, based in Seongnam. They are the creators of the Legend of Mir series of MMORPGs, the two most successful being ''The Legend of Mir 2'', and its sequel ''The Legend of Mir 3''. ''Legend of Mir'' has attracted over 120 million users in Asia, and generated over $65 million a month in revenue during its height. Even today, in its ninth year of operation, ''Legend of Mir 2'' still generates well over $20 million a month in China alone.

According to Forbes, Wemade's founder, Kwan Ho Park, has a net worth of $1.2 billion, as of October 19.

History

Wemade was founded on February 10, 2000, by the original ''Legend of Mir'' developers. They chose the name WeMade Entertainment to acknowledge a copyright infringement lawsuit filed by their South Korean publishing partner Actoz against the Chinese game operator Shanda. Shanda had copied ''Legend of Mir'' under the name ''The World of Legend'', prompting the lawsuit. In choosing their company name, the developers were making the point that “We made ''Legend of Mir''”. Shanda settled the lawsuit by acquiring Actoz and operating it as Shanda Korea.

In 2007, WeMade Entertainment's CEO and founder Kwan-Ho Park hired Kevin “Sookiel” Seo as co-CEO to turn the development company into a publisher and operator of online games in South Korea. Mr. Seo was formerly the CEO of Actoz/Shanda Korea. The company grew from 300 to close to 600 employees as it expanded to provide full hosting services in South Korea.

Today, WeMade Entertainment Co. Ltd. hosts and operates several games in South Korea. This includes games developed by Wemade such as ''Legend of Mir 2'', ''Legend of Mir 3'', ''Master of Fantasy'' and ''Chang Chun'' (aka ''Three Kingdom Chronicles''). In addition, Wemade also hosts games from other developers including Chaps Online, Tartaros and Avalon. Wemade continues to license these games to other operators in other global territories. Shanda operates ''Legend of Mir 2'' and ''Chang Chun'' in Greater China, while Softworld operates ''Mir 2'' in Taiwan. GameFactory operates Rumble Fighter in the US and Europe.

In the summer of 2008, Wemade established its U.S. headquarters in the Seattle, Washington area. WeMade Entertainment USA, Inc. is a wholly owned subsidiary of the South Korean entity. Headed up by CEO Kisung Kim, the US company is responsible for the Western Games market including Europe and the Americas.

WeMade Entertainment USA, Inc. is currently hosting the North American servers of ''Lost Saga'', a game developed by I.O. Entertainment. It initially planned to transfer accounts from OGPlanet Lost Saga to the new servers (although the accounts were never made available to them to do so) and the game was fully released on May 2, 2013.

On November 20, 2013, WeMade Entertainment USA announced from the North America Lost Saga homepage, that they will be ending Lost Saga's service in North America on December 8, 2013. No answer or reason was given as to why WeMade USA is ending its service of Lost Saga, though there have been rumors. Currently, the compan
Z8Games
will be resuming Lost Saga's services in the North America region on December 18, 2013. With the change of services, all of the content obtained while under WeMade USA's service will transfer over when Z8Games resumes when the Lost Saga servers come online, with the transfer period being from December 9 through December 17, 2013. Further information regarding how the transfer will work is currently unknown.

In November 2020, Wemade released ''Mir 4'' in South Korea. The game was made available globally, across 170 countries in 12 languages, on August 26.

In May 2022, Wemade made a strategic investment i
Froyo Games
- a Singapore-based GameFi platform that is co-developing play-to-earn titles with iCandy Interactive.

In November 2022, Wemade has announced that its investment round raised $46 million from a number of companies, including Microsoft. Microsoft has invested $14.8 million in Wemade by purchasing convertible bonds.

WeMade FOX

From 2007 to 2011, WeMade Entertainment operated a professional gaming team called WeMade FOX that maintained high-ranking '' Counter-Strike'', '' StarCraft: Brood War'' and '' Warcraft III'' players. Sponsored by Pepsi, Skechers, GomTV and Mizuno, WeMade FOX possessed several high-earning players including NaDa and Jang Jae "Moon" Ho. On August 31, 2011, the team was officially shut down, with the former players placed in the care of KeSPA, until new sponsors were to be found.

References

External links

WeMade Official Site

{{Professional StarCraft competition

Defunct and inactive Counter-Strike teams
Defunct and inactive StarCraft II teams
Esports teams based in South Korea
Video game companies established in 2000
Video game companies of South Korea
Video game development companies
Video game publishers
Esports teams established in 2000
South Korean companies established in 2000