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As part of a large-scale restructure, Nintendo of Korea has laid off nearly 50 employees. Just ten staffers are now with the company. This comes after Nintendo of Korea has suffered financial losses during the past four years.

Nintendo of Korea plans to relocate an office to outside of Seoul. Fukuda Hiroyuki, the current CEO, will hold his current position.

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More:

Much like they did with Shin Megami Tensei IV, Nintendo of Korea have announced that they will be localizing and publishing Persona Q: Shadow of the Labyrinth some time in 2014. The Shin Megami Tensei series is one that has been localized to Korea for a number of years so while this isn’t entirely unexpected, it’s certainly good news for Persona fans in South Korea

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