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.

• 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.

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