Korea to invest $200 million in game industry

With the end goal of becoming one of the top three players in the industry, behind the United States and Japan, the South Korean government is funding its growth.

The South Korean government announced that it will invest 350 billion won ($236 million) in the computer game industry through 2012.

Culture, Sports and Tourism Minster Yu In-chon said the emerging game industry had proved to be a future growth engine by accomplishing its initial billion-dollar export goal for the year 2010 two years early.

Sixty projects are slated to help grow the industry, including a $200 million game fund with an end goal of becoming one of the top three countries in gaming, along with the United States and Japan.

About the author

Dave Rosenberg has more than 15 years of technology and marketing experience that spans from Bell Labs to startup IPOs to open-source and cloud software companies. He is CEO and founder of Nodeable, co-founder of MuleSoft, and managing director for Hardy Way. He is an adviser to DataStax, IT Database, and Puppet Labs.

 

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