
Things are afoot over at NCSoft. According to Reuters today, the Korean publisher has announced that it will be selling off NC Interactive Inc, its online gaming branch. Is NCSoft going away in the west? Absolutely not. A follow up article on Reuters states that NCSoft has announced a wholly owned subsidiary that will handle business in the United States and Europe. The transaction will be taken care of on December 24th, to the cost of $50 million KRW. It appears that this is a simple business move by NCSoft to avoid paying some taxes in the US and Europe. Note I said avoid, not evade. One is legal, the other is not.
Otherwise, nothing major is set to come out of this, apart from a little rebranding. It occurs often in business, and as I pointed out, it is a tax trick.