South Korean Nexon Group accelerates business restructuring, divesting cryptocurrency-related subsidiaries
South Korean gaming giant Nexon Group’s parent company, NXC, recently disclosed that it has completed the spin-off of its cryptocurrency-related subsidiaries and acquired European industrial solutions firm CLI Group B.V. through its Belgian investment arm, NXMH. In 2025, NXC reported revenue of KRW 5.1751 trillion, up 3.8% year-on-year; however, operating profit declined 17.4% year-on-year to KRW 960.9 billion, and net profit dropped sharply to KRW 85.9 billion due to a base effect.
Regarding cryptocurrency holdings, as of end-2024, NXC held 2,356 bitcoins and 22,420 ether, with a total value of approximately KRW 147.6 billion—down 15.2% from the prior year. Meanwhile, NXC has sold its stake in overseas cryptocurrency exchange Bitstamp and decided to divest its entire equity interest in domestic cryptocurrency exchange Korbit; consequently, these entities are no longer consolidated into the group’s financial statements.
