Korean Govt injects millions into games sector

The South Korean government has announced that it is to invest W350bn in the computer game industry until 2012 with the aim of expanding exports to W5tr a year.

Culture, Sports and Tourism Minster Yu In-chon announced on Wednesday that the emerging industry had proved to be a future growth engine by accomplishing its billion-dollar export goal for the year 2010 two years early.

Yu promised to draw up 60 projects including a £157m game fund and help the country become one of three countries with the world’s largest game industry together with the US and Japan.

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