Is Actoz Soft profitable in 2026?

Unclear as of mid-2026. FY2024 showed a net loss of KRW 9.72B and FY2025 revenue fell 12.2% to KRW 69.93B, but sources show conflicting FY2025 net income figures. Actoz Soft's August 14, 2026 earnings report is expected to clarify whether FY2025 closed profitable or not.

As of June 2026, Chinese company Shengqu Games, a subsidiary of Zhejiang Century Huatong Group in which Tencent holds roughly 5%, owns approximately 53% of Actoz Soft, giving the Chinese parent majority control over the KOSDAQ-listed Korean publisher.

Is Actoz Soft's revenue growing or shrinking?

Shrinking. After peaking at KRW 89.36B in FY2023, revenue fell 10.87% in FY2024 to KRW 79.65B and another 12.20% in FY2025 to KRW 69.93B, marking two straight years of double-digit decline rather than growth.

What happened between Actoz Soft and Wemade over Legend of Mir?

Korea's Supreme Court fixed the Legend of Mir 2/3 China royalty split at 80% Wemade and 20% Actoz Soft on December 12, 2025. Wemade then formally withdrew a related royalty lawsuit against Actoz Soft on June 15, 2026, ending the decade-plus feud.

Could AI replace Actoz Soft's business?

No. Actoz Soft's core value is legal co-ownership of the Legend of Mir and LaTale IP plus Chinese NPPA import licenses, such as the LaTale mobile license approved January 26, 2026. Generative AI cannot replicate legal title or regulatory approval; it only touches cost-side workflows like art and localization.

Is Wemade or NCSoft the bigger threat to Actoz Soft?

Wemade is Actoz Soft's direct legal counterparty on the Legend of Mir IP, just capping Actoz's royalty share at 20% via a December 2025 Supreme Court ruling. NCSoft is a far larger scale threat, reportedly around 3,869 employees versus Actoz Soft's 163 as of January 2026.

Gaming companies · subsidiary of Shengqu Games (operating as subsidiary of Zhejiang Century Huatong Group) · South Korea

Actoz Soft

actoz.com ↗

Korean publisher owning Legend of Mir and LaTale, now living mostly off licensing fees.

Losing its protection

Assessed 26 July 2026 · Evidence as of 26 July 2026

The structural protection is eroding.

On the recordSince 26 July 2026 · Checkable from August 14, 2026 · Every call on the record Checkpoint: Q2/FY2025 earnings clarifying net income and giving first FY2026 licensing vs direct-service guidance

The call

Actoz still holds IP no one else can use, but direct revenue keeps shrinking while a Chinese parent and a capped royalty split shrink what it actually keeps.

Actoz Soft makes and licenses older online games like Legend of Mir and LaTale. The company owns these game titles outright, which means competitors like NCSoft or Krafton cannot simply copy them, and AI cannot steal legal ownership. However, Actoz is making less money each year (down 11 to 12 percent since 2023), and a court just reduced how much money it can earn from its biggest game. The real problem is not that someone will steal the games or that AI will replace them, but that fewer people want to play aging games, and the company is stuck collecting smaller payments from partners instead of growing. Everything changes if a court ruling in August 2026 shows the company is actually making more money than it claimed, or if the complex ownership situation with Chinese parent Shengqu Games suddenly shifts, both of which could reveal whether this company is actually worth more than it looks.

Why

AI pressure: None apparent. No AI product targets Mir or LaTale directly, though cheap AI-made clone MMORPGs from Chinese studios could dilute the brand over time. Could AI do the core job? Unlikely.

Bigger players: Wemade Co.. Korea's Supreme Court fixed the China Mir 2/3 royalty split at 80% Wemade to 20% Actoz, permanently cutting Actoz's cut. Could a giant copy it? No, they are blocked.

What protects it. Original ownership of Legend of Mir 1 and LaTale IP lets Actoz keep licensing hits like Legend of Mir: Jin that no rival can legally copy.

What would change this call

August 14, 2026 Actoz earnings release clarifying FY2025 net income and FY2026 guidance. Shows whether licensing revenue is offsetting direct-service decline or if losses deepen.
Wemade's NeoPulse/Shengsong ownership transition closing around October 2026. Indicates whether shared Mir IP monetization terms shift further against Actoz.
Q3-Q4 2026 sales performance of Legend of Mir: Jin and LaTale China mobile. Tests whether licensing income can offset the 20% royalty cap and falling direct revenue.

Key numbers

FY2025 revenue KRW 69.93B, down 12.2% YoY (2025-12-30)
Legend of Mir: Jin hit No.1 on Apple and Google Play Korea (2026-06-07)
Shengqu Games (China) owns about 53% of Actoz (2026-06-23)

Named risks

Revenue declined 10.87% in FY2024 and 12.20% in FY2025, two consecutive double-digit drops. Severity: high
Mir 2/3 royalty income structurally capped at 20% share by Dec 2025 Supreme Court ruling. Severity: high
Majority control (~53%) held by Chinese parent Shengqu Games creates governance asymmetry for minority holders. Severity: medium
Conflicting FY2025 net income figures across sources leave profitability unresolved ahead of Aug 2026 earnings. Severity: medium
Small core headcount of 163 as of Jan 2026 limits capacity for new first-party development. Severity: medium

Rivals, as read in July 2026

Rival	Direction	Evidence
Wemade	losing to	Supreme Court capped Actoz's Mir 2/3 royalty share at 20% versus Wemade's 80%, Dec 2025
NCSoft	losing to	NCSoft reportedly has ~3,869 employees vs Actoz's 163 as of Jan 2026, with AION 2 in pre-launch mid-2026
Krafton	losing to	Larger incumbent Korean publisher with far greater scale, cited in July 2026 sector coverage
Shengqu Games	contesting	Actoz's own Chinese majority owner also runs a competing game portfolio via Zhejiang Century Huatong

Questions people ask

Is Actoz Soft profitable in 2026?: Unclear as of mid-2026. FY2024 showed a net loss of KRW 9.72B and FY2025 revenue fell 12.2% to KRW 69.93B, but sources show conflicting FY2025 net income figures. Actoz Soft's August 14, 2026 earnings report is expected to clarify whether FY2025 closed profitable or not.
Who owns Actoz Soft?: As of June 2026, Chinese company Shengqu Games, a subsidiary of Zhejiang Century Huatong Group in which Tencent holds roughly 5%, owns approximately 53% of Actoz Soft, giving the Chinese parent majority control over the KOSDAQ-listed Korean publisher.
Is Actoz Soft's revenue growing or shrinking?: Shrinking. After peaking at KRW 89.36B in FY2023, revenue fell 10.87% in FY2024 to KRW 79.65B and another 12.20% in FY2025 to KRW 69.93B, marking two straight years of double-digit decline rather than growth.
What happened between Actoz Soft and Wemade over Legend of Mir?: Korea's Supreme Court fixed the Legend of Mir 2/3 China royalty split at 80% Wemade and 20% Actoz Soft on December 12, 2025. Wemade then formally withdrew a related royalty lawsuit against Actoz Soft on June 15, 2026, ending the decade-plus feud.
Could AI replace Actoz Soft's business?: No. Actoz Soft's core value is legal co-ownership of the Legend of Mir and LaTale IP plus Chinese NPPA import licenses, such as the LaTale mobile license approved January 26, 2026. Generative AI cannot replicate legal title or regulatory approval; it only touches cost-side workflows like art and localization.
Is Wemade or NCSoft the bigger threat to Actoz Soft?: Wemade is Actoz Soft's direct legal counterparty on the Legend of Mir IP, just capping Actoz's royalty share at 20% via a December 2025 Supreme Court ruling. NCSoft is a far larger scale threat, reportedly around 3,869 employees versus Actoz Soft's 163 as of January 2026.

Timeline

2026-07-22LaTale launches 'Shining' 20th anniversary update with Sanrio Characters collaboration
2026-07-14Reports detail Wemade's ~$617M Chinese-backed ownership transition, closing near October 2026
2026-06-15Wemade formally withdraws royalty lawsuit against Actoz Soft, ending Mir feud
2026-06-04Legend of Mir: Jin launches via V5 Games, hits No.1 on Korea app stores
2026-01-26China approves import license for mobile game based on Actoz's LaTale IP
2025-12-12Korea Supreme Court fixes Mir 2/3 China royalty split at 80% Wemade, 20% Actoz Soft
2025-07-15Final Fantasy XIV Korea v7.2 update marks 10 years of Actoz-run FFXIV service
2004-12-01Shanda Interactive Entertainment (China) acquires controlling stake in Actoz Soft

Revision history

26 July 2026

First assessed. Losing its protection. The text above is fixed as of this date and is not edited afterwards.

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