Nintendo of Korea has reduced its workforce from 50 employees to just 10, it has been revealed.
Referred to as "large-scale restructuring", the move will also see the Korean arm relocate to a new office outside of Seoul. Fukuda Hiroyuki will remain in place as CEO.
Nintendo of Korea has posted significant losses for the past four years, and this is being cited as a major reason for the move.
The Korean release schedule for 2016 includes the likes of Kirby: Planet Robobot, Hyrule Warriors Legends, Fire Emblem Fates, Legend of Zelda Majora's Mask 3D and Pokémon Sun & Moon - most of which will be translated in Korean.