SNK announced they have plans to revive their NeoGeo line of consoles with a NeoGeo 2 and later on a NeoGeo 3. The reveal was made during the 2019 SNK investors meeting at Seoul on April 16. Multiple other details were revealed as well, including how a new Metal Slug game is being developed for consoles, and how Samurai Shodown already turned a profit. Here's a summary of everything SNK revealed and teased, thanks to Korean news site Ruliweb:

Plans for Neo Geo 2 and Neo Geo 3 were greenlighted after the overwhelmingly positive sales of NeoGeo Mini. However, NeoGeo 2 and 3 will be proper successors to the original NeoGeo, not to NeoGeo Mini.

That said, NeoGeo 2 will be a "semi-open platform", a mix of the closed platform aspect of NeoGeo Mini and open platform. Meaning the NeoGeo 2 will have built-in games, but we'll also be able to buy and play new games on it as well. No release date estimates were communicated for either NeoGeo 2 or NeoGeo 3.

SNK will keep expanding and will release at least 2 games a year starting 2020.

A new Metal Slug game for consoles is being developed by SNK. It's unclear if the game will be in 2D, what pretty much every fan wants, or if it'll be in 3D. The former would be much harder to realize seeing most of the staff who worked on the first Metal Slug games left SNK for years. Plus, the talent for 2D animation in games became rarer and more expensive ever since console generations switched to HD. The most likely solution is SNK making the Metal Slug franchise switch to 3D as they did with The King of Fighters starting KOF XIV, and the upcoming new Samurai Shodown. SNK's Yasuyuki Oda also asked back in 2018 if fans wanted a new Metal Slug.

The King of Fighters XV, which was announced in December 2018. is being developed on Unreal Engine 4 instead of SNK's in-house engine. Development for the game is going well. KOF XV is still planned for a 2020 release.

The new Samurai Shodown game is already profitable to SNK thanks to its overwhelming pre-orders. SNK Heroines: Tag Team Frenzy also sold more than 300 000 copies worldwide.

Platforms for the new Metal Slug game and KOF XV weren't revealed yet, but it's not farfetched to think they'll be among the games available on NeoGeo 2. Assuming the console will launch by the time of their releases.

The original NeoGeo was contemporary to Sega's Mega Drive/Genesis and Nintendo's Super Nintendo but was extremely advanced and expensive as it brought home authentic arcade game experiences. Only the richest kids of your neighboorhood would own one. The console later got alternative versions such as the NeoGeo CD, the NeoGeo Pocket and NeoGeo Pocket Color. Many SNK fans never even dreamed of a NeoGeo 2 or even a NeoGeo 3 coming one day.