We are a worldwide leader in free-to-play games. Founded in Korea in 1994, Nexon developed one of the world's first graphics-based massively mulitiplayer online games. Nexon also pioneered the concept of microtransactions in the free-to-play business model, setting a new standard in which play is free, and users have the option to purchase in-game items to enhance their experience. Nexon currently services more than 60 online games in more than 100 countries and since its founding, Nexon has generated more than 1.3 billion player registrations. The Company is headquartered in Tokyo, Japan and its shares are listed on the Tokyo Stock Exchange. Our games are designed to appeal to a broad base of users and our portfolio of games spans a wide range of genres, demographics and geographies. We have a base of engaged players that we believe is one of the largest in the entertainment industry.