Krafton chairman meets Indian PM, pledges $250 mil. additional investment
Krafton Chairman Chang Byung-gyu met with Indian Prime Minister Narendra Modi in New Delhi on Friday, reaffirming the Korean game developer’s long-term commitment to India and its growing gaming and technology industries. The meeting highlighted opportunities for India and Korea to deepen cooperation in gaming, innovation and emerging technologies, according to Krafton. Krafton has invested $250…
Krafton's Chairman, Chang Byung-gyu, met with Indian Prime Minister Narendra Modi in New Delhi on Friday, reiterating the Korean game developer's commitment to the Indian market and its burgeoning gaming and technology sectors. The discussion centered on potential collaborations between India and Korea in gaming, innovation, and emerging technologies, according to Krafton.
As of now, Krafton has invested $250 million in India. The company has further plans to inject an additional $250 million into the country over the next three to four years, which would total an estimated $500 million in investments. To facilitate these investments, Krafton has established a $670 million venture growth fund aimed at supporting startups and homegrown intellectual property in India.
Chang emphasized that India is a market brimming with opportunities, boasting a wealth of talent in gaming, technology, and innovation. He expressed confidence in Krafton's long-term investments, stating that they reflect the company's trust in the Indian market and its potential for growth.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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