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Korea infusing $200+ Million into computer game industry

Posted by Axum Sunday December 7 2008 at 12:34PM
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The Korean government is planning to make significant investment into their computer game industry, expanding exports up to W5 trillion (US$ 3.4 billion) by infusing the industry with millions of dollars.

Korea's Culture, Sports and Tourism Minster Yu In-chon revealed the government's plans to invest W350 billion (US$ 240 million) during a meeting this week, and saying that the gaming industry has so far seen great growth, reaching its export goal of a billion dollars in 2008 instead of 2010.

Yu In-chon promised to create 60 new projects, including a "US$200 billion game fund". The latter is likely translated wrong as it would be 300 trillion Won, a sum 600 times the planned export, but rather $ 200 million, a significant portion of the $ 240 million invested in the industry.

This investment is planned to make Korea a global competitior in the game industry, competing with USA and Japan.

More information is available at our StarCraft network site and at Digital Chosunilbo.
 

 

.......

This may be a tad old, but I just wanted to repost it to bring up the following questions, to see if I could get your opinion on them.

Do you think the majority of this will go into online gaming?

If it does, do you expect us to ever see the games?

Maybe we will finally get some amazing korean games in the following decade , I can't wait.

raizzeen writes:

they already got good games like lineage 2 and aion you fail

Sun Dec 07 2008 1:30PM Report
Axum writes:

*cough cough* I said amazing, not good, but amazing.

There is a very very noticable line between lineage 2 and Aion and the possiblities of what can be made with 200 million dollars

Sun Dec 07 2008 1:55PM Report
BarakIII writes:

I know I'm looking forward to one Korean game, Soul and Blade. If it looks as good as the trailer released awhile back then it shows promise.

Sun Dec 07 2008 2:30PM Report
xKrNMBoYx writes:

wow..why do my people have to be like this..hope its a good game

Sun Dec 07 2008 9:34PM Report
Valentina writes:

I hope Korea does pump out some spectacular games that succeed very well in the West. Aion is the first one up, Blade & Soul, and Lineage 3 will be the next.

Mon Dec 08 2008 2:43AM Report
SXRchosen1 writes:

fantasy games blow, but i guess we are getting more grind-fests-based-games! WOOPIE....damnit....

Mon Dec 08 2008 1:44PM Report
levsix writes:

More cash shops, awesome. 99 percent of the junk they make will never compete in North America with anything but mental patients.

Wed Dec 10 2008 8:24PM Report

MMORPG.com writes:
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