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Popular TagsUpdate | Nintendo of Korea & Shareholder Discussions
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Japanese website Nintendo Inside has just confirmed that a meeting did indeed just take place today in Japan. Apparently it was a general shareholders meeting in Kyoto, with areas for the Wii to be experienced in (games such as Wii Sports, a Duck Hunt shooting style title and WarioWare: Smooth Moves were on show, all seemingly confirmed for a 2006 release).
According to reports stemming from Reuters, shareholders rejected a company proposal that would allow the board to make major decisions on the timing and size of dividends without their prior approval. This is the first time Nintendo shareholders have actually gone against a company proposal.
A Nintendo spokesperson went on record to state:
Currently, Nintendo's shares are 0.5 percent at 19,070 yen from the late afternoon there (Japan is nine hours ahead of British time).
Elsewhere, the company has confirmed that Nintendo of Korea will be set up on 7th July in order to focus on that particular market for the first time. Products were previously sold in that territory via Daiwon, similar to how Nintendo sells its hardware and software through iQue in China. The head office will be in South Korea's capital city Seoul and the starting capital will be 25,000,000,000 won (it is roughly 2,000 won to the Pound, so ~£12,500,000).
This is a major change from Nintendo, clearly acknowledging how Korea is growing quickly in the gaming world. Companies such as NCSoft and Ntreev are extremely popular and are stretching to the Western world. Already Ntreev's Pangya Golf is being worked on for the Nintendo Wii and it is hoped that NCSoft will also jump on-board Nintendo's new platform. The company has previously stated its interest in expanding out of the online PC world to home consoles for this upcoming generation, also mentioning its dislike toward the XBOX 360. With Sony almost pricing itself out of the market already, this could be a prime opportunity for Nintendo to get its hands on the likes of Guild Wars, Lineage and City of Heroes/Villains!
Cubed3 will update with further news as and when it filters in...
According to reports stemming from Reuters, shareholders rejected a company proposal that would allow the board to make major decisions on the timing and size of dividends without their prior approval. This is the first time Nintendo shareholders have actually gone against a company proposal.
A Nintendo spokesperson went on record to state:
"The proposed change was intended to give Nintendo's board a bit more autonomy, so that dividends can be paid out quickly without waiting for approval at a general shareholders' meeting. But apparently we could not win enough understanding from shareholders."
Currently, Nintendo's shares are 0.5 percent at 19,070 yen from the late afternoon there (Japan is nine hours ahead of British time).
Elsewhere, the company has confirmed that Nintendo of Korea will be set up on 7th July in order to focus on that particular market for the first time. Products were previously sold in that territory via Daiwon, similar to how Nintendo sells its hardware and software through iQue in China. The head office will be in South Korea's capital city Seoul and the starting capital will be 25,000,000,000 won (it is roughly 2,000 won to the Pound, so ~£12,500,000).
This is a major change from Nintendo, clearly acknowledging how Korea is growing quickly in the gaming world. Companies such as NCSoft and Ntreev are extremely popular and are stretching to the Western world. Already Ntreev's Pangya Golf is being worked on for the Nintendo Wii and it is hoped that NCSoft will also jump on-board Nintendo's new platform. The company has previously stated its interest in expanding out of the online PC world to home consoles for this upcoming generation, also mentioning its dislike toward the XBOX 360. With Sony almost pricing itself out of the market already, this could be a prime opportunity for Nintendo to get its hands on the likes of Guild Wars, Lineage and City of Heroes/Villains!
Cubed3 will update with further news as and when it filters in...
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1
Mason Reply Quote #1
Reviews Editor
8283 
500 
03.05.2004 
Mike@C3Hopefully! Serious news drought here, not as bad as before E3 but bad enough thank you!
Cubed3 Staff :: Reviews Editor
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jb Reply Quote #2
Founder/Admin
14031 880 04.01.2003 jbcubed3.Hopefully we'll get some Wii updates soon! Dying to see how it'll all come together 
jb(at)cubed3.com
jb(at)cubed3.com
Kangaroo_Kid Reply Quote #3
L61 Metal Space Pirate
1496 114 27.02.2006 nonePlease let this be true
Darkflame Reply Quote #4
L51 Regular Knuckles
950 64 07.12.2004 noneIt will just be release dates for japan, imo.
Mason Reply Quote #5
Reviews Editor
8283 500 03.05.2004 Mike@C3If they do release dates for Japan, it probably means we'll be a step closer to getting western ones as well, and they'll be coming out for here soon too.
Cubed3 Staff :: Reviews Editor
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The Mariner Reply Quote #6
L79 Iron Knuckle
2901 178 07.03.2004 BenWoo! Fingers crossed that it's true! 
jb Reply Quote #7
Founder/Admin
14031 880 04.01.2003 jbcubed3.I really hope they confirm release dates! 
jb(at)cubed3.com
jb(at)cubed3.com
pitendo Reply Quote #8
L4 Buzz Bomber
38 20 27.04.2006 nonejapanese wii in october for the win!just do it nintendo!
The Croft Reply Quote #9
L91 Metamorphic Being
4122 451 26.06.2006 The CroftWell if the japanese wii release date is given tomorrow it will give us a time scale for what will most likely when the Euro release is
Mike Gee of iZINE said, "...The Verve, as he [Richard Ashcroft] promised, had become the greatest band in the world. Most of the critics agreed with him. Most paid due homage. The Verve were no longer the question mark or the cliché. They were the statement and the definition."
Mike Gee of iZINE said, "...The Verve, as he [Richard Ashcroft] promised, had become the greatest band in the world. Most of the critics agreed with him. Most paid due homage. The Verve were no longer the question mark or the cliché. They were the statement and the definition."
Ski Reply Quote #10
L41 Club Moblin
662 70 06.03.2006 noneWasnt the official line from Nintendo "More news on Wii in September?"
HazukiSan Reply Quote #11
L100 Eternal Master
7637 446 20.02.2004 John@C3SKI said:
Wasnt the official line from Nintendo More news on Wii in September?
Wasnt the official line from Nintendo More news on Wii in September?
Since when have Nintendo botthered about changing their minds:
Monday: "There is NO DS remake planned"
Tuesday: "This is the DS Lite!"
amtrid Reply Quote #12
L31 Dark Director
419 34 15.06.2006 iddywell fingers crossed that it is good solid news, game pics , date and price. im excited.
Ski Reply Quote #13
L41 Club Moblin
662 70 06.03.2006 noneThat was a denial though, they were just pissed nobody was surprised. They probably thought- "We would could've gotten away with it if it wasnt for those pesky little brats"
MasterStyl Reply Quote #14
L72 Samus
2169 105 24.05.2004 keefI'm about as excited as only a true geek can get right now. OH, shit. OH! shit!
It is not Christmas today.
The Mariner Reply Quote #15
L79 Iron Knuckle
2901 178 07.03.2004 BenNah, to be honest, I doubt much will happen at this meeting. Perhaps just a rundown and a few tidbits, but I doubt there'll be anything on the price/release of the console.
Mason Reply Quote #16
Reviews Editor
8283 500 03.05.2004 Mike@C3Though it has been said that Suda51 would reveal Heroes in the coming months (I believe he said 'in the summer'), so this could fit in.
Cubed3 Staff :: Reviews Editor
Xbox Live :: C3Mike
Cubed3 Staff :: Reviews Editor
Xbox Live :: C3Mike
Robbo Reply Quote #17
L40 Goriya
648 42 13.10.2004 RobboWell we'll find out in time, so 2moro/2day whatevere! I'm more concerned with trying to save some money up to buy as much as poss on release day!
jb Reply Quote #18
Founder/Admin
14031 880 04.01.2003 jbcubed3.Just updated the news with what Adam (Jesusraz) sent down
jb(at)cubed3.com
jb(at)cubed3.com
WiiMan Reply Quote #19
L1 New Born
6 20 29.05.2006 nonecity of heroes was a great game, i truely hope itcomes out on the Wii. i doubt it will tho
Azzy Reply Quote #20
L23 Fire Leo
249 39 11.08.2005 noneGood to see Nintendo reaching out to the likes of Korea. Korea is a big online PC playing country and I'm sure something like the Wii would make an impact there too.
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Includes music from Final Fantasy, The Legend of Zelda, Super Mario, Super Smash Bros, Sonic the Hedgehog, Metroid, Tales of Symphonia, Donkey Kong, Star Fox and many more!
Robbo Reply Quote #21
L40 Goriya
648 42 13.10.2004 RobboYeah it makes sense to try to tap into such a big market, even with rife piracy.
The Croft Reply Quote #22
L91 Metamorphic Being
4122 451 26.06.2006 The CroftWOuld S.Korea be rife in piracy i thought it would be similiar to Japan saying that is capitalist.
Nintendo are being very smart here, korea is massive market far bigger than the UK&Ireland market but it wouldn't be easy from what i have heard that Korea is fond of the playstation brand
Mike Gee of iZINE said, "...The Verve, as he [Richard Ashcroft] promised, had become the greatest band in the world. Most of the critics agreed with him. Most paid due homage. The Verve were no longer the question mark or the cliché. They were the statement and the definition."
Nintendo are being very smart here, korea is massive market far bigger than the UK&Ireland market but it wouldn't be easy from what i have heard that Korea is fond of the playstation brand
Mike Gee of iZINE said, "...The Verve, as he [Richard Ashcroft] promised, had become the greatest band in the world. Most of the critics agreed with him. Most paid due homage. The Verve were no longer the question mark or the cliché. They were the statement and the definition."
tiamat1990 Reply Quote #23
L79 Iron Knuckle
2967 66 29.10.2004 tiamat or tiamat1990
City of Heroes on Wii
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