NEOWIZ is restructured into three business units under new leadership, with Park Seong-jun set to become representative director alongside Bae Tae-geun after formal approval in August 2026. The company shipped the Switch 2 version of Lies of P: Complete Edition on August 6, 2026, and holds a Falcom license to develop The Legend of Heroes III: White Witch for PC and consoles.
NEOWIZ spent the middle of 2026 reorganizing its top management and its business lines. On June 8, the company said it would appoint Park Seong-jun, head of its new development group, as representative director alongside Bae Tae-geun once formal approval arrives in August 2026. Park led development on Lies of P and its Overture DLC. A month later, on July 9, NEOWIZ appointed Chris Chung, former CPO of Wargaming, to head a new Global Business Group and split itself into three units: New Game Development Group, Global Business Group, and Live Game Business Group. The stated aim is stronger global publishing and IP management after Lies of P.
The product side moved in parallel. On August 6, NEOWIZ released the download version of Lies of P: Complete Edition for Nintendo Switch 2 at 7,980 yen including tax. The package bundles the base game, developed by ROUND8 Studio, with the Overture expansion, and adds performance tuning for the console plus a post-launch update for handheld graphics. A packaged version through iam8bit is set for October 2 at 7,900 yen. The base game and Overture together have passed 4 million cumulative sales worldwide, excluding subscriptions.
NEOWIZ's other announced work is a licensing deal. On September 16, Nihon Falcom said it signed an agreement letting NEOWIZ develop The Legend of Heroes III: White Witch for PC and consoles and release it globally. The 1994 RPG opens the three-part Gagharv Trilogy. No release window, platform list, or budget was disclosed.
Brown Dust 2 shows the live-service side under store pressure. On July 23, NEOWIZ said the title screen would revert to the earlier White Reaper design to meet Google's review standards and operational policies, distributed first on Google Play with iOS to follow at the next maintenance. The 3rd anniversary screen featuring Holy Justia had already been adjusted for iOS on July 2 under App Store policies.
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1d ago
Red Brick House, founded in June 2026 by three former NeoWiz staffers, is a Korean publisher that focuses on indie games. One month after founding, with no game released and no contract signed, it raised 10 billion won (about 1.16 billion yen) from investors who do not seek an exit. Its first title, the co-op extraction action RPG Void Diver: Escape from the Abyss, moved from planned Early Access to an official release in January 2027.
Sep 16
Nihon Falcom announced on September 16, 2026 that it has signed a licensing agreement with South Korea's NEOWIZ covering development of The Legend of Heroes III: White Witch for PC and consoles and a release in the global market. The game is the third entry in The Legend of Heroes series, an RPG Falcom released in 1994 for the PC-9801. It is the opening part of the three-part Gagharv Trilogy, alongside The Legend of Heroes IV: A Tear of Vermillion and The Legend of Heroes V: A Cagesong of the Ocean, and it is regarded as the origin of the later Trails series that continues from The Legend of Heroes VI: Trails in the Sky. The sources describe the 1994 release as a singing RPG built on detailed worldbuilding and storytelling, following the pilgrimage of the boy Julio and the girl Chris across a world called Tirasweel. No release window, platform list, or budget was disclosed.
Aug 5
NEOWIZ released the download version of Lies of P: Complete Edition for Nintendo Switch 2 on August 6, 2026, priced at 7,980 yen including tax. The Complete Edition bundles the base game Lies of P with the expansion content Lies of P: Overture, a prequel to the main story. Developed by ROUND8 Studio, the souls-like action RPG reimagines the fairy tale The Adventures of Pinocchio in the Belle Époque-inspired city of Krat, following the protagonist Zeppet's Puppet as it pursues its fate and the truth hidden in the world. The Switch 2 version has performance optimized for the console, and a post-launch update enables smoother graphics in handheld mode. It also includes difficulty adjustment options and challenge modes added with the DLC release. A packaged version, produced in partnership with iam8bit, is scheduled for October 2, 2026, priced at 7,900 yen. The base game and Overture together have surpassed 4 million cumulative sales worldwide, excluding subscriptions. Game director Choi Ji-won called the Switch release a historic moment for the team.
Jul 28
Neowiz announced on July 23, 2026, that the Brown Dust 2 title screen is being reverted to the previous White Reaper design, following Google's review standards and operational policies. The change has been distributed on Google Play and will come to iOS during the next maintenance. The earlier 3rd anniversary screen featuring Holy Justia had already been adjusted for iOS on July 2 due to App Store policies.
Jul 9
NEOWIZ has appointed Chris Chung, former CPO of Wargaming, as head of its new Global Business Group. The company also restructured into three business units: New Game Development Group, Global Business Group, and Live Game Business Group. The move aims to strengthen global publishing and IP portfolio after the success of Lies of P.
Jun 8
NEOWIZ announced on June 8, 2026, that it has internally decided to appoint Park Seong-jun, head of the new development group, as the company's new representative director. He will serve alongside current representative director Bae Tae-geun after formal approval in August 2026. Park is the first representative director in NEOWIZ history to come from a developer background. He previously led development on "Lies of P" and its DLC "Lies of P: Overture." Current representative director Kim Seung-cheol will remain as an inside director.