If a person comes for the profit goes for another profit, a person bows for a power searches for another powerful men. Only the person comes for the mind lasts forever.” – from “The Rise of the Great Nations” by SangRae Cho. Smilegate group(CEO HyeokBin Kwon) is famous for a FPS game called ‘Cross Fire.’ Cross Fire which has 500million global users, 6million users for concurrent user, successfully localized the game in…

㈜스마일게이트 인베스트먼트(대표 남기문)는 중국 치디홀딩스 산하 북경치디그룹(CEO 딩광숭, Ding Guang-song)과 지난 17일(목) 중국 베이징 칭화대학교 내 치디홀딩스 산하의 TusPark(과기원, 科技園)에서 한국의 원화자펀드와 중국의 인민화(이하 RMB)자펀드의 페러랠펀드를 조성하며, 양사 인원으로 구성된 한중투자협력TF팀을 구성하는 등의 주요 협력내용 및 의무사항을 명시한 ‘한중문화·과학기술산업페러랠펀드 전략적 협력’ 계약을 체결했다고 밝혔다. 이날 계약식에는 스마일게이트 인베스트먼트 남기문 대표와 북경치디그룹 딩광숭 CEO를 비롯한 양사 임직원들과 중국국가발전개혁위원회 리광쥔(Li Guang-Jun) 금융연구소장, CJ 중국본사 대외협력부 저우강(Zhou Gang) 총경리 등이 참석해 자리를 빛냈다. 이번 페러랠펀드의…

According to an article on Business Korea, the Korean government is planning to invest at least $209 million USD over the next five years to promote the growth of the game industry. This comes in a year where game developer 4:33 Creative Labs raised around $110 million USD from Tencent / Line, Smilegate bought a $110 million USD stake in Sunday Toz, Devsisters went public at a $627 million USD valuation, we announced…

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…

Smilegate, Korea-based maker of online games, has just announced a $112 million buyout of 20% of Sundaytoz’ stock in a move that makes the company behind global success, Crossfire, the largest stake holder. Smilegate is one of the most successful players in the Korean online gaming industry. For the last last two consecutive years Smilegate has been the proud owner / developer of the world’s highest grossing online game. Crossfire, with revenues of…