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South Korea Unveils Ambitious Five-Year Plan to Boost Console Gaming Market

The plan aims to diversify South Korea's gaming industry, currently dominated by mobile and online platforms, by increasing its global console market share.

A striking vision of the future Seoul, where the city has become a thriving mecca for video gaming enthusiasts. The iconic skyline is ablaze with vibrant neon lights and advanced holographic advertisements for various games. The South Korean flag is proudly displayed, symbolizing the country's dominance in the global gaming industry. The atmosphere is electric, with gamers of all ages gathered in cafes and arcades, immersed in their virtual worlds. The futuristic skyline is dotted with cutting-edge architecture, as holographic billboards advertise the latest releases. The energy and excitement in this scene are palpable, reflecting the passion and dedication of the South Korean gaming community., poster
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Overview

  • South Korea's Ministry of Culture, Sports, and Tourism targets a significant growth in the console gaming sector by 2028.
  • The country currently holds only 1.5% of the global console market, despite being the fourth-largest gaming market worldwide.
  • Partnerships with major console manufacturers like Microsoft, Sony, and Nintendo are planned to develop new blockbuster titles.
  • The government will also provide support to independent game developers to foster a diverse gaming ecosystem.
  • This strategic shift follows a report indicating the Korean PC gaming market accounted for 55% of East Asia’s gaming revenue.