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Korea pours billions into home games industry

Korea’s government is backing the nation’s games industry with a 350 billion won ($200 million) investment until 2012, aiming to expand the country’s game exports to 5 trillion won ($3.39 billion) per year. According to a report in Korean news publication Digital Chosunilbo, Culture, Sports and Tourism Minster Yu In-chon revealed the plans in a […]

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  • Gaming Industry to be worth $68 billion by 2012

    According to the PricewaterhouseCoopers comprehensive Global Entertainment and Media Outlook report for 2008 on Reuters, the videogame industry should be worth $68 billion by the year 2012. Console games will continue drive sales, with an expected growth of 6.9 percent from $24.9 billion in 2007 to $34.7 billion in 2012. The report also predicts an […]

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