SEOUL, Apr. 26 (Korea Bizwire) — The South Korean government will invest nearly 19 billion won to develop augmented reality platforms over the next three years. The Ministry of Culture, Sports and Tourism announced plans for a number of major technology research projects worth 18.7 billion won on Monday, including AR platform development, support for blockchain-based [...]
SEOUL, Apr. 5 (Korea Bizwire) — South Korean retail giant Lotte said Thursday it will open an outlet dedicated to game products in Seoul this week amid a rapid growth of the country’s game industry. Lotte Shopping Co. said it has remodeled el Cube in Hongdae, western Seoul, into a shop exclusively for games and [...]
SEOUL, Apr. 5 (Korea Bizwire) — Netmarble Games, South Korea’s top mobile game developer, has made a major investment in the country’s entertainment agency behind K-pop sensation BTS, corporate sources said Thursday. In a regulatory filing issued Wednesday, Netmarble Games said it will acquire a 25.71 percent stake in Big Hit Entertainment for 201.43 billion [...]
SEOUL, Apr. 3 (Korea Bizwire) — Augmented reality (AR) and virtual reality (VR) technologies are sparking new trends in South Korea’s gaming market, industry watchers said Tuesday, with local developers utilizing them in new titles. Netmarble Games plan to unveil “Fishing Strike” this month, which is a mobile-based title that provides users with an immersive [...]
SEOUL, March 29 (Korea Bizwire) — While the selling of “loot boxes” and similar methods of generating randomized virtual items has been a win for gaming companies, the practice has been less appreciated by both gamers and the general public, with some comparing it to gambling or an online lottery. Using loot boxes as an [...]
SEOUL, March 21 (Korea Bizwire) — Could mobile eSports become the next big thing and replace PC-based games? Smartphone-based eSports games are gradually solidifying their position as the next generation answer to the eSports industry given the wider smartphone user base and better access to online streaming. However, with massive hits on PC like PlayerUnknown’s Battlegrounds [...]
SEOUL, Feb. 26 (Korea Bizwire) — South Korean gamers who play PlayerUnknown’s Battlegrounds are breaking boundaries between online broadcasting and gaming itself, with more and more turning to the internet to show off their gaming skills. PlayerUnknown’s Battlegrounds (PUBG), a South Korean online battle royale game that has garnered international popularity since its release last year, [...]
SEOUL, Feb. 12 (Korea Bizwire) — Game content was the biggest contributor to South Korea’s overall content exports last year, helped by the spread of smartphones from which games can be downloaded and played, a local content agency said Sunday. South Korea exported 4.1 trillion won (US$3.77 billion) worth of game content last year, accounting [...]
SEOUL, Feb. 1 (Korea Bizwire) — Google’s Indie Games Festival will be back for the third time later this year. The tech giant said on Thursday it will open the annual festival to support indie game developers and gamers in April. The festival consists of a number of events including an offline exhibition where independent game [...]
SEOUL, Jan. 15 (Korea Bizwire) — South Korean game makers Nexon and Netmarble posted record-breaking annual sales figure of over 2 trillion won last year, confirming the steady growth of the country’s video game industry. According to sources close to the stock market on Sunday, the sales figures of the two leading South Korean game companies [...]