Astorm Successor 'Buttons' Shuts Down Amid Financial Distress

Buttons, a subsidiary of Nexon Korea, shut down on the 13th after failing to overcome poor financial performance and capital impairment.

The company was established by Kim Yoon-jong, the original director of 'Dungeon & Fighter' and former CEO of Astorm, to comprehensively succeed Astorm's game division. It had been developing a new title, 'Everett,' but ultimately ceased operations.

According to an audit report by Jiewoo Accounting Corporation, Buttons' financial situation was dire as of 2025. The company's annual revenue for 2025 was just ₩9.34 million (₩9,338,788), a near-total collapse compared to the ₩8.31 billion recorded in 2024.

Operating losses and net losses also ballooned. Operating losses surged nearly threefold from ₩6.8 billion in 2024 to ₩18 billion in 2025. The company also reported a net loss of ₩18.2 billion, severely damaging its financial health.

This accumulation of deficits is attributed to massive fixed costs. In 2025 alone, Buttons spent ₩17.3 billion on selling, general, and administrative expenses. Of this, ₩16.7 billion went toward R&D, indicating that significant capital was poured into new game development and payroll without a clear source of revenue.

Buttons was founded in February 2024 after taking over the game division of Astorm, which was struggling with financial difficulties at the time. Kim Yoon-jong, known as the 'father of Dungeon & Fighter,' led the company's initial establishment, and it was later led by former Nexon Vice President Kim Hyun.

AI-translated from Korean by NC AI for timely global news. The Korean original prevails, and foreign quotes may vary from exact original wording. [Read Original]

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