Kakao Games Invests $20 Million in US Game Developer 'Frost Giant Studio'

[Asia Economy Reporter Seungjin Lee] Kakao Games Corp. announced on the 26th that its European subsidiary, Kakao Games Europe, has made a strategic investment of $20 million (approximately 24 billion KRW) in Frost Giant Studios, a U.S. game developer composed of renowned real-time strategy (RTS) game developers.

Frost Giant Studios is a newly established developer team consisting of veteran developers with leadership experience in developing the best-selling PC online game series such as the 'StarCraft' and 'Warcraft' series.

Tim Morten, who was the production director of 'StarCraft 2,' serves as the CEO and production director of Frost Giant Studios, while Tim Campbell, former lead campaign designer of 'Warcraft 3,' is the game director and president of Frost Giant Studios, which was founded in 2020.

Kakao Games led the $25 million Series A funding round for Frost Giant Studios and became the largest investor in the round. The first RTS game currently in development by Frost Giant Studios is scheduled to be unveiled within this year.

Kakao Games CEO Kyeyehyun Cho said, “Frost Giant Studios is a proven developer with solid development capabilities that have already created RTS hits loved in the global market. We are very much looking forward to the achievements Frost Giant Studios will showcase,” adding, “We will actively cooperate through a close partnership between the two companies to deliver great works.”

Tim Morten, CEO of Frost Giant Studios, said, “We are very pleased to be working with Kakao Games, a publisher recognized in both the global and Korean markets,” and added, “With Kakao Games’ strong support, we will do our best to create the next-generation RTS game that gamers worldwide can enjoy.”

Meanwhile, Kakao Games continues to discover and expand its lineup with promising developers both domestically and internationally, including Ocean Drive Studio, Second Dive, Nine Ark, and Reality Magics.

This content was produced with the assistance of AI translation services.