Korea invests US$ 200 million in video games

With the crappy economy snapping away at gaming heels, Korea decides it’s time to go Indiana Jones and walk over the economic crocs’ backs. They’re certainly taking a big risk here, investing millions of dollars to back their gaming exports. More in the full article.

Guess who loves gaming: Korea does! How much? US$ 200 million worth! Korea’s government is backing their country’s gaming industry with such a sizable investment until 2012, with the intent of expanding their game exports to US$ 3.39 billion a year.

Korea’s Culture, Sports, and Tourism Minister Yu In-chon said in a meeting on Wednesday that they’ve got plans underway to drive the industry’s growth. Yu also mentioned that they reached US$ 1 billion in game exports earlier than they planned.

Yu promised to cook up 60 projects to give the gaming industry a boost, aiming to join the US and Japan as one of the top gaming markets. Now we’re all about to see how Korea really gets its game on.

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Via Chosun Ilbo