Kim Jung-ju, Founder of Game Developer Nexon, Dies at 54 (1)

Kim Jung-ju, the billionaire founder of Korean online game developer Nexon Co. who contributed to establishing one of the world’s hottest gaming hubs, has died. He was 54.

Kim had received treatment for depression and recently his condition seemed to worsen, NXC Corp., his private investment firm, said in a statement Tuesday, without giving a cause of death. It said he died at the “end of last month” in the U.S.

Kim Jung-ju

Source: Nexon Co.

Kim, who majored in computer science and engineering at Seoul National University, founded Nexon in South Korea in 1994 and pioneered the use of “loot boxes,” where ...