Polygon Games
Korean game developer that serves the needs of the global markets.
| Date | Investors | Amount | Round |
|---|---|---|---|
KRW4.5b | Series A | ||
| Total Funding | 000k | ||
Polygon Games, established in 2008 by CEO Shin Guk-hee, is a South Korean game development studio that specializes in online and mobile games. The firm gained prominence with its flagship title, "Asta," a massively multiplayer online role-playing game (MMORPG). Developed over five years with a substantial budget of 18 billion won, "Asta" was built on CryEngine3 and featured a distinct Asian-inspired fantasy world. The game was published in South Korea by NHN Entertainment.
The company's primary business revolved around the development and service of online games, targeting the MMORPG market. Its revenue model was likely based on in-game purchases and other typical monetization strategies for free-to-play MMORPGs. In 2014, Polygon Games secured a significant investment of 2 billion won through convertible bonds from a "Startup Win-Win Fund" backed by Hana Financial Group and SK Telecom, aimed at supporting its growth and the ongoing development of its titles. Following the end of service for "Asta" in 2015, the intellectual property for the game was acquired by the company Supertree in 2021. According to market data from PitchBook, Polygon Games was formerly venture-backed but ceased operations as of July 2019.
Keywords: Polygon Games, Shin Guk-hee, Asta MMORPG, Korean game developer, NHN Entertainment, online game development, mobile game development, CryEngine3, Hana Financial Group investment, Asian fantasy game, PC MMORPG, South Korean gaming
