Microsoft invests in South Korean online development
Company pledges $19 million to industry over four years
Microsoft is to invest more than KRW 23 billion (USD 19 million) into South Korea's online gaming industry.
According to the Korea Creative Content Agency, the money will be divided among 25 local development and game operation companies, and used for training, marketing and development assistance.
"When Korea's online game technologies are combined with Microsoft's development software, platform and sales channels, we expect a great synergy will come out in the next-generation game market," said Microsoft Korea manager Kim James Woo according to a JoongAng Daily report.
The cash will be spent over the next four years and follows the country's government pledging USD 237 million to prop up the nation's videogame industry at the end of last year.