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**UPDATE: Flagship Studios has officially denied these reports. You can read their full statment here.

File this under 'unconfirmed' at the moment, as the original source of this news is in Korean. It seems as though HanbitSoft has taken full control of Hellgate from developer Flagship Studios.

The reason stated in the article: 'It is hard for us to accept Flagship Studios’ requests for continued support in capital and funding any longer and because Flagship was being difficult'.

HanbitSoft will take over development of the title as well, including adding new content and features.

We have sent request for comment and confirmation to Flagship Studios.

Via TheGames.co.kr Via HellgateGuru

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