The investment is set to last until 2012, with the Korean government hoping to expand the country’s games exports to $3.39 billion a year – placing the nation among the three biggest games markets in the world.
The news emerged in Korean publication Digital Chosunilbo, which quoted culture, sports and tourism minister Yu In-chon. The $200 million fund is said to be one of 60 projects that are intended to grow Korean’s games industry.
Korea’s plans follows a report from the UK’s National Endowment for Science, Technology and the Arts, which stated that the UK was at risk of being pushed behind Korea in the global standings.
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