Sensor Tower: Mobile Games by Korean Developers Worldwide
Korean developers are stable on foreign markets in terms of revenue, but rapidly growing in downloads.
Over the past 3 years, the revenue share of games by Korean developers in the global top-100 charts has averaged 6%. In the first half of 2024, it increased to 6.5%. However, the record remains for the second half of 2021 - during that period, the share of Korean games in the top 100 by revenue almost reached 8%.
One of the factors for growth in 2024 was the release of Dungeon Fighter Mobile, which became a hit in the Chinese market.
The South Korean leaders in revenue in the first half of 2024 are Dungeon Fighter Mobile, PUBG, and Goddess of Victory: Nikke. The list includes 4 casino games - 1 from DoubleUCasino and 3 from Netmarble.
In terms of downloads, games by Korean developers have shown growth since the second half of 2022. They grew from a 1% share in the top 100 downloads in the second half of 2022 to 5.5% in the first half of 2024.
The success of Supercent in the hyper-casual and hybrid-casual project markets is helping South Korean developers bite off a market share in downloads. Of the top-10 downloaded games by Korean developers, 6 are from Supercent. PUBG is also performing well.