What's Next After "Red Desert"? Pearl Abyss to Expand IP and Release "DokeV" in 2028

Meeting Held to Address Shareholder Concerns Amid Falling Stock Price

"Confirming the Company's Direction Together with Shareholders"

Pearl Abyss is developing downloadable content (DLC) to expand the intellectual property (IP) of "Red Desert." The highly anticipated title "DokeV" is now targeting a release in the second half of 2028.

Pearl Abyss 'Red Desert'. Provided by Pearl Abyss

Amid a sharp decline in share price and backlash from minority shareholders, Pearl Abyss held a special shareholder meeting on July 7 and announced a set of measures to enhance corporate value. The briefing, which took place at the company's headquarters in Gwacheon, Gyeonggi Province, was attended by Pearl Abyss CEO Heo Jin-young, Chief Financial Officer (CFO) Cho Mi-young, and Chief Operating Officer (COO) Lee Dong-won.

CEO Heo stated, "The management team takes very seriously the disappointment and anxiety that shareholders are feeling due to the recent stock price trend, as well as their frustration with the company," adding, "While we cannot control every market condition, we organized this meeting as a starting point for confirming the company's direction together with our shareholders."

"Red Desert," which was released on March 20, surpassed 6 million units in global sales within just 83 days, continuing its commercial success. However, the share price, which reached an intraday high of 77,400 won in April, has been falling continuously and is now trading in the 30,000 won range.

To enhance corporate value, CEO Heo said, "We will focus on the long-term growth of the 'Black Desert' and 'Red Desert' IPs, and make every effort to successfully release 'DokeV' and 'Plan 8'." He continued, "The achievements we gain through our games will be returned to shareholders, and we will strengthen communication with the market to ensure that the company's performance is clearly conveyed."

"Red Desert" will be expanding its platforms with the launch of DLC, including releases for devices such as the Nintendo Switch 2. Through this, the company aims to drive revenue growth. The DLC is being considered as paid content, with CEO Heo stating that specific details and the release date will be announced within the third quarter. In addition, Pearl Abyss will participate in "Gamescom 2026," the world's largest gaming expo, which will be held in Cologne, Germany in August. At the Samsung Electronics booth, the company plans to set up 30 "Red Desert" demo PCs equipped with 6K gaming monitors, specifically the "Odyssey G8 (G80HS)."

Pearl Abyss has also clarified its shareholder return policy. The company will pay whichever is greater between 10 billion won or 10% of net profit as annual dividends each year. On June 12, the company retired approximately half of its treasury shares, totaling 1,403,945 shares (about 54.9 billion won), and plans to purchase an additional 100 billion won worth of treasury shares in the second half of the year.

CEO Heo said, "The direction of the company is to make great games, turn those results into actual performance, and explain them transparently to the market," adding, "The next 10 years for Pearl Abyss will be a period of sustainable growth, during which our accumulated production capabilities will expand into IP, world-building, and the broader ecosystem."

This content was produced with the assistance of AI translation services.