NEOWIZ is in a restructuring year, with a developer-turned-representative-director in the top seat and a new Global Business Group led by a former Wargaming executive. Its biggest title, Lies of P, keeps expanding across platforms while the company takes on a Falcom license for The Legend of Heroes III.
NEOWIZ spent 2026 reorganizing its top management and its business around its own pipeline. On June 8, 2026, the company decided internally to name Park Seong-jun, head of the new development group, as representative director alongside Bae Tae-geun after formal approval in August 2026. Park, who led development on Lies of P and its Overture DLC, is the first representative director in company history to come from a developer background. Current representative director Kim Seung-cheol stays on as an inside director. A month later, NEOWIZ appointed Chris Chung, former CPO of Wargaming, as head of a new Global Business Group, and split the company into three units: New Game Development Group, Global Business Group, and Live Game Business Group.
On the product side, the Lies of P line keeps moving. The download version of Lies of P: Complete Edition launched for Nintendo Switch 2 on August 6, 2026 at 7,980 yen including tax, bundling the base game with the Overture expansion, which is a prequel. The Switch 2 version has performance tuned for the console, with a post-launch update for smoother handheld graphics, plus the difficulty options and challenge modes that came with the DLC. A packaged version made with iam8bit is set for October 2, 2026 at 7,900 yen. The base game and Overture together have passed 4 million cumulative sales worldwide, excluding subscriptions. Game director Choi Ji-won called the Switch release a historic moment for the team.
The company also picked up outside material. On September 16, 2026, Nihon Falcom announced a licensing agreement with NEOWIZ to develop The Legend of Heroes III: White Witch for PC and consoles for a global release. The 1994 RPG opens the three-part Gagharv Trilogy and is regarded as the origin of the later Trails series. No release window, platform list, or budget was disclosed.
Not everything ran smoothly. Brown Dust 2 reverted its title screen on July 23, 2026, back to the White Reaper design after Google's review standards and operational policies, with the earlier 3rd anniversary screen featuring Holy Justia already adjusted for iOS on July 2 under App Store policies.
Written with AI from the cited Yomimono stories below, each itself sourced.
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Oct 4
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.