Sections
Get a job in games graphic

Level up your career

Learn about working in games

Sign up to the GI Jobs board

View jobs board

Making the games industry a better place to work

See best places to work
Get a job in games graphic

Kakao Games secures $131m from five investors

Tencent and Bluehole among the five companies to invest in South Korean developer

Chinese internet giant Tencent is one of five companies to have invested a collective 140 billion won ($131.6 million) in South Korean developer, Kakao Games.

Netmarble Games, South Korea's largest mobile developer, and subsidiaries of Tencent will invest 50 billion one each, while Actozsoft will invest 20 billion won.

Investing ten billion won each is the publisher of PlayerUnknown's Battlegrounds, Bluehole Studio, and Premier Growth-M&A PEF.

As reported by The Investor, the Kakao Games confirmed its global expansion strategy would see it acquire game firms with the new capital.

Kakao has been working with Tencent and Bluehole to launch PUBG in China. Additionally, it plans to help launch Actozsoft's Dragon Nest in the first quarter of 2018.

"The latest investment proves our partners appreciate our growth potential," Kakao Games CEO Namkoong Hoon said in a statement.

Get a job in games graphic

Level up your career

Learn about working in games

Sign up to the GI Jobs board

View jobs board

Making the games industry a better place to work

See best places to work
Get a job in games graphic

More stories

Xbox Series X|S are Microsoft's fastest-selling consoles ever as Q4 revenues hit $357m

Gaming division growth continues to be driven Xbox hardware sales, up by 172%

By Danielle Partis

Good Shepherd to close down investor portal

The firm's crowdfunding platform will shut down in September following "a shift in financing strategy"

By Marie Dealessandri

Latest comments

Sign in to contribute

Need an account? Register now.