Source: Pearl Abyss

 

[Alpha Biz= Reporter Kim Minyoung] South Korean game developer Pearl Abyss has seen its stock price drop sharply after failing to win awards at an international gaming event.

On the 26th, Pearl Abyss’s shares closed at ₩37,000 on the KOSDAQ, marking a decline of 12.01% from the previous day's close.

Despite positive reviews for their new game "Crimson Desert" at the major German gaming event Gamescom, the company’s stock has continued to fall following last week's drop.

Financial analysts have provided mixed assessments of Pearl Abyss in light of the situation. Daishin Securities released a report suggesting that the initial excitement surrounding Gamescom might have been overestimated, predicting further stock adjustments in the near term.

 

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