By The Nation
South Korean video game giant NCSoft said it has invested 22 billion won in a local visual effects technology firm, 4th Creative Party, with the aim of forging new synergies in the digital media space.
Established in 2009, 4th Creative Party is one of South Korea’s top visual effects tech companies. It has participated in the production of major Korean films including “Okja”, “The Handmaiden,” “Snowpiercer” and “Oldboy.”
The firm also recently branched out into new areas of digital media including animation and virtual reality content production.
NCSoft plans to work with the visual effects company to create animations and digital media tied with the |intellectual property of its flagship games including “Lineage” and “Blade & Soul.”
NCSoft said the investment in 4th Creative Party is the latest in its continued efforts to make strategic investments in local and global game developers, tech firms and content platforms perceived as potential business partners. – The Korea Herald
Crash rocks Japan rocket startup
The launch of what would have been Japan’s first space rocket developed entirely by a private company has ended in failure after startup Interstellar Technologies’ Momo 2 rocket fell to the ground and exploded immediately after liftoff at the test site in the town of Taiki, Hokkaido.
The 10-metre rocket blasted off at about 5.30 am on Saturday.
But in four seconds, it lost propulsive power, hit the ground and exploded in flames.
The latest attempt to put a Japanese private rocket in outer space followed the failure of the first Momo rocket in July last year.
No injuries were reported.
The launch was remotely operated by Interstellar officials in an operation facility about 600 meters from the test site, and they evacuated.
For the general public, the area within 1.5 kilometres of the test site was off-limits.
Under the plan, Momo 2 was to have reached an altitude of 100 km in outer space in four minutes after liftoff. - The Japan News