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RI Games Holdings

RI Games Holdings is the Korean game company at the center of WEBTOON Entertainment's push from adaptation licensing into direct gaming ownership. Official WEBTOON materials describe it as a dedicated games pipeline built on stories with established global fandom, which is a more serious strategic role than a one-off publishing partner.

The operating structure is what gives the company real weight. RI Games works through GrayGames and Offbeat, the two studios tied to WEBTOON's announced multi-year slate. The first named project is an Overgeared action MMORPG being developed by GrayGames and published globally by Nexon, with other development aimed at webcomic IP that already has built-in audience scale.

WEBTOON said it agreed to invest about $100 million for a 60 percent stake in RI Games Holdings, turning the company into a much more direct part of the platform's global franchise strategy. In practical terms, RI matters because it gives WEBTOON a controlled development lane for turning hit comic worlds into repeat game businesses instead of licensing those economics out to outside operators.

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What is RI Games Holdings?
RI Games Holdings is the Korean game company at the center of WEBTOON Entertainment's direct gaming push. Official WEBTOON materials frame it as a dedicated development pipeline for games built from webcomic stories that already have large global fandoms instead of a one-off adaptation shop.
Which studios operate under RI Games Holdings?
WEBTOON's deal materials tie RI Games Holdings to two internal studios: GrayGames and Offbeat. Those studios matter because they are the actual development arms behind the new slate, giving RI an operating structure instead of functioning as a thin holding-company label with no production capacity.
What did WEBTOON buy in RI Games Holdings?
WEBTOON said it agreed to invest about $100 million for a 60 percent stake in RI Games Holdings. That level of ownership matters because it gives WEBTOON a much tighter role in how game projects are developed, financed, and scaled from its own webcomic IP.

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