[기업 투자 X파일] 코웨이가 막은 넷마블 투자손실…431억 방어막

Coway's 431 billion won equity earnings masked mounting losses from Hive and other subsidiaries, illustrating how gaming companies increasingly depend on non-gaming assets for financial stability. This strategic portfolio diversification reveals the gaming industry's response to inherent business volatility, transforming pure-play publishers into diversified holding companies. Such structural reliance on subsidiary performance underscores both the opportunities and risks of financial engineering over operational synergy.