Kakao Games Supports Domestic Indie Game Developers with 26 Billion KRW Fund

[Asia Economy Reporter Seungjin Lee] Kakao Games announced on the 17th that it will support domestic indie game developers with a total of 26 billion KRW through the 'Let's Go Together Kakao Games Win-Win Fund' to create a healthy game ecosystem and promote mutual growth.

Kakao Games plans to participate in the 'Let's Go Together Kakao Games Win-Win Fund' operated by Kona Venture Partners and provide generous investment and support to small-scale and indie game developers in Korea who have high development potential and are preparing to enter the global market.

This fund targets investment selection for ▲startup game developers established within 3 years and with annual sales of less than 2 billion KRW ▲game developers in the early production stage before the testing phase ▲low-budget game developers with total production costs under 500 million KRW. For developers preparing to enter the global market, the investment decision will actively reflect this factor. Applications for the fund can be submitted through the business area page on the Kakao Games website.

Discovery and decision of investees will be conducted according to investment criteria, and Kakao Games, together with the operator Kona Venture Partners, will seek various ways to collaborate in a differentiated manner unique to Kakao Games for the investees.

In addition to supporting small-scale and indie game developers for social responsibility and mutual growth, Kakao Games continues to support the establishment of a healthy gaming culture. First, with the purpose of promoting the positive influence of games, it operates various projects linked to its core business, 'games,' and runs various campaign activities and digital supporters to improve digital accessibility for vulnerable groups such as children and adolescents.

Jokyehyun, CEO of Kakao Games, said, "This win-win fund establishment is part of Kakao's community win-win plan, aiming for sustainable growth together with society," and added, "Based on what Kakao Games does well, we will do our best to revitalize the game market through mutual growth for indie game developers."

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