Mgame announced on the 6th that it has signed a licensing agreement with 'Jiangsu Qilong Network Technology' (hereinafter 'Qilong') to utilize the IP of its online game 'Ghost Online'.

Through this agreement, Mgame will receive an upfront fee and revenue royalties. Qilong plans to develop a mobile game using the graphic resources, characters, and world-building of 'Ghost Online', with a target to launch in the Chinese market within 2026.

Founded in 2022 and based in Wuxi, Jiangsu, Qilong is a company specializing in games that possesses a service system covering everything from publishing to operations based on its self-developed intelligent publishing platform. It previously recorded cumulative revenue of approximately 100 million yuan by exclusively publishing the 2D side-scrolling MMORPG 'La Tale'.

Launched in 2005, 'Ghost Online' is characterized by its 2D retro graphic style and an Eastern fantasy worldview that combines martial arts with the theme of 'ghosts'. Its martial arts-based characters are a key strength, and based on this, the new mobile title 'Ghost Online M' has been launched domestically, with publishing contracts already completed for Taiwan, Hong Kong, Macau, and Thailand.

Qilong CEO Huang Jian stated, "'Ghost Online' is an IP with a unique art style and a solid fan base," adding, "Through this collaboration, we will do our best to respect the charm of the original while reinterpreting it in a creative way to provide a new experience for Chinese users."

Mgame CEO Kwon E-hyung said, "I believe this contract is another case where the value of the 'Ghost Online' IP, accumulated over a long period, has been recognized once again," adding, "Through our collaboration with Qilong, we will achieve stable results in the Chinese market and strengthen the foundation for long-term IP utilization."