Metaverse Leader 'Roblox' Officially Enters Korean Market
[Asia Economy Reporter Kang Nahum] Roblox, a leading player in the metaverse, is making a full-scale entry into the Korean market.
According to industry sources on the 21st, Roblox has established "Roblox Korea LLC" in Yeoksam-dong, Gangnam-gu, Seoul. The capital stock is 100 million KRW, and the representative is Mark Lainstra, a legal advisor at the U.S. headquarters.
The Korean corporation is expected to handle support services related to online games and development platforms, support domestic e-commerce business of overseas affiliates, and promote and market services of overseas affiliates in Korea.
Founded in 2014, Roblox is a sandbox-based open-world game platform. Users can create avatars that look like Lego figures to develop games or participate in games created by other users.
Hot Picks Today
"Buy on Black Monday"... Japan's Nomura Forecasts 590,000 for Samsung, 4 Million for SK hynix
- "Plunged During the War, Now Surging Again"... The Real Reason Behind the 6% One-Day Silver Market Rally [Weekend Money]
- "Not Everyone Can Afford This: Inside the World of the True Top 0.1% [Luxury World]"
- "We're Now Earning 10 Million Won a Month"... Semiconductor Boom Drives Performance Bonuses at Major Electronic Component Firms
- Experts Are Already Watching Closely..."Target Stock Price 970,000 Won" Now Only the Uptrend Remains [Weekend Money]
Roblox experienced rapid growth last year due to the impact of COVID-19. The monthly active users (MAU) reached approximately 150 million, of which 67% are users aged 16 or younger.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
