

**The Unpredictable Future of EVR Studio and Mudang: Two Hearts**
At last year’s Xbox Games Showcase, the Korea-based developer EVR Studio unveiled *Mudang: Two Hearts*, a stealth action-adventure title akin to the *Splinter Cell* franchise. Nonetheless, recent events have sparked worries regarding the studio’s financial health and project direction. Reports indicate possible layoffs and funding challenges, with the company’s website currently down.
According to sources from *Need4Games*, EVR Studio has terminated multiple employees due to insufficient funding. They report a drastic reduction in staff from over a hundred to merely 22, as noted by a Korean tracking site. This drop raises significant concerns regarding the studio’s ability to continue creating *Mudang*.
Moreover, an investor from EVR Studio has shared a timeline for *Mudang*, implying a launch by the end of March 2026, aligned with the fiscal year’s conclusion. This has intensified pressure, as investors are likely to be unhappy if the game does not comply with this timeline.
The studio has not only faced a decrease in workforce but also a sharp drop in its online presence. EVR’s official website is currently unavailable, with the latest archived version from October 23, causing alarm among fans and industry observers alike. Updates from the studio’s YouTube channel have also stopped since the August 15 developer diary.
Insights from LinkedIn show at least 34 individuals linked to EVR Studio, although many profiles are private. Public profiles, featuring key figures like CEO Yongki Yoon and executive producer Dong Joon Min, suggest they are still actively employed; however, the long-term security of these roles is uncertain given recent occurrences.
EVR Studio does run a Discord server with over 2,300 members, where discussions about the game’s future are prevalent. The most recent update from the studio on this platform dates back to August 29, outlining their focus on validating a playable build and performing regression testing, with additional updates likely postponed. This commitment to quality may not fully reassure anxious fans.
*Mudang: Two Hearts* is aimed for a 2026 release on PC, PS5, and Xbox consoles. The game reportedly garnered 100,000 wishlist entries by July 25 of last year, signifying robust initial interest. However, the uncertainty surrounding the studio’s operational condition casts doubt over its potential success.
As the gaming community closely observes, it remains unclear how EVR Studio will navigate these challenging times and whether *Mudang: Two Hearts* will eventually meet its ambitious launch target. *Kotaku* has contacted EVR Studio for comments as the situation develops.