Top 10 Downloaded Korean Mobile Game Developers in 2024: Part 1

1. mobirix

Mobirix Co., Ltd, founded in 2004 and headquartered in Seoul, is a global publisher and supplier of mobile games. The company focuses on delivering diverse, engaging content to mobile users worldwide. Their portfolio comprises 177 mobile games, which have amassed over 1.54 billion downloads collectively.

Recently, Mobirix's stock experienced a significant setback, plummeting 9.03% to a one-year low following Neowiz's sale of a large block of shares. This decline contributes to a 17.71% drop in Mobirix's stock value this year, contrasting sharply with the rebounding trends observed in other gaming companies. Neowiz's divestment is reportedly aimed at redirecting focus towards new game development.

Mobirix faces mounting challenges, including intensifying competition and profitability concerns. The company's future stock performance hinges largely on the success of its upcoming game releases.

2. SUD Inc.

A prominent player in the mobile gaming industry, SUD Inc. has carved out a niche with its popular simulation and racing games. The company is renowned for developing user-friendly and highly engaging titles that resonate with a wide audience. SUD Inc.'s portfolio comprises 29 mobile games, which have collectively achieved an impressive milestone of over 882 million downloads.

3. BitMango

A leader in puzzle games, BitMango is renowned for developing addictive, visually appealing titles that consistently rank high in global app stores. Their portfolio of 30 mobile games has garnered over 600 million downloads.

In 2023, BitMango's strategic use of Moloco's Cloud DSP for retargeting campaigns surpassed revenue targets by 50%. This approach tripled daily user acquisition, significantly reduced Cost Per Install, and optimized Return on Ad Spend through advanced machine learning. BitMango's success exemplifies the power of data-driven marketing in mobile gaming.