K Cube Ventures recently announced a $700,000 investment into mobile game developer ‘A-33 Studio.’ With this investment A-33 Studio will focus on ramping up their mobile FPS game production and aim to be ready to release their first title by end of next year. The title is named ‘Project S’ for now, and is an ambitious plan to maximize online mobile FPS game experience by integrating a fully optimized user interface along…

We reported recently that Chinese investors have been making inroads into Korea. Now we are seeing the first signs of what fruits those investments are likely to bear. As reported by Business Korea, Korean gaming companies are beginning to target the Chinese mobile gaming market, in partnership with Tencent. In a new trend for the Chinese internet giant, Tencent is now actively opening its doors to Korean companies interested in entering the…

Korean developers are attracting increased interest from overseas firms. Tencent has already made a number of large-scale investments, and European companies are also actively seeking Korean gaming companies to bolster their growth. Due to current market conditions, it is likely that the Korean gaming market growth will have stalled by 2015, so Korean game companies are also actively looking for growth engines, particularly in overseas markets. It is also widely recognized that…

4:33 Creative Lab, a top Korean mobile game designer, has joined hands with two of the world’s largest mobile messengers, Tencent and Line Corp. The enormous investment of 1,300 billion won (around $100 million USD) will help the company break into overseas markets and will assist in their plans to go public in 2015. Announcing that it had successfully attracted funds from the mobile messenger operators, the Seoul-based mobile game company said…

Devsisters, the darling of Korean gaming over the last two years has listed its stock publically in what has been one of the most down played IPOs I am aware of. In fact, so down played that I wasn’t aware of it until today. At the time of the IPO the company valuation was $627 million, ranking the it 32nd most valuable company in Korea. The IPO happened on October 6th. Devsisters…

Korean gaming giants, Gamevil and Com2us, which were in fierce competition for the last 15 years, are now actively seeking to create synergy in line with their M&A deal that we reported last year. Following Gameville’s acquisition of Com2us, the two firms have working towards release of their new combined platform HIVE, which is now live. After struggling against the huge success of KakaoTalk’s gaming platform (released in July 2012), the two companies…

Last week Cookie Run, one of the most popular mobile games in Korea, celebrated its one year anniversary after a year that has been huge the game and the developer team behind it. The game has seen four consecutive quarters of outstanding revenue and two months ago released on LINE. Since this global release, Cookie Run had over 10 million downloads in Thailand alone, and the game continues to dominate in Asia…