As mentioned in a previous article, the rumors circulating that Nexon has canceled the development of Peria Chronicles has been confirmed. Nexon has also confirmed that there is indeed an internal company restructure going on. After 7 years of development and 8 million USD invested later. This confirmation delivers a devastating blow to the faithful gamers who waited for the release of Peria Chronicles.
I also regret in delivering more bad news. It appears that earlier today 2 top executives of Nexon have submitted their resignations. Director and Chief Operating Officer Jiwon Park and Vice President of Game Development Sangwon Chung – are leaving the company.
Sangwon Chung was a key executive in the Nexon Empire. Serving as CEO of Nexon from 2001-2004. He also was an instrumental supporter of Peria Chronicles’ development serving as CEO of Thingsoft (The company behind the development of Peria Chronicles). This is a huge blow to Nexon’s already diminishing moral. It is definitely uncertain what will happen to the future of Nexon as the company is plunging in stock value.