KIC Discusses Indian VC and Tech Investments with Krafton

Korea Investment Corporation (KIC), the sovereign wealth fund, organized a forum in India to discuss investment opportunities in the local tech industry alongside Korean institutional investors.

KIC announced on the 12th that its Mumbai office hosted the 2nd Mumbai International Financial Forum on the 11th (local time).

The event was attended by more than 30 participants, including representatives from the Consulate General of the Republic of Korea in Mumbai, domestic public financial institutions, private investment firms, securities companies, and banks.

Son Hyunil, head of Krafton's India subsidiary, delivered a presentation on "Indian Venture Capital (VC) and Tech Investment Trends and Opportunities in a Changing Market."

Participants of the 2nd Mumbai International Financial Forum, hosted by Korea Investment Corporation's Mumbai office on the 11th, are taking a commemorative photo locally. Korea Investment Corporation

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Son stated, "The Indian gaming market is expected to grow from the current approximately 845 million dollars to 1.9 billion dollars by 2028," adding, "Following the Indian government's overhaul of gaming taxation, mergers and acquisitions (M&A) led by startups are becoming increasingly active, opening up new investment opportunities."

He explained, "Currently, the Indian VC market, like the global market, is experiencing reduced liquidity. However, by focusing on investments in the local gaming ecosystem, expanding new business areas, and gaining insights into digital users, there are opportunities to be created, considering the characteristics of the gaming industry."

Krafton established its Indian subsidiary in 2020 and is recognized for successfully launching Battlegrounds Mobile India in the local market.

Kwon Kiho, head of the Mumbai office and organizer of the event, said, "This event helped domestic financial institutions understand Indian VC and tech investment trends and assess the Indian digital ecosystem and investment opportunities. Going forward, we will continue to expand exchanges with local experts in India to strengthen the Korean financial network and facilitate information sharing."

KIC operates overseas branches and offices in global financial centers such as New York and San Francisco in the United States, London in the United Kingdom, Singapore, and Mumbai in India, reinforcing information sharing and cooperation with domestic public and private financial institutions that have entered these markets.

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