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Biz News Korea(Eng)
KOTEC teams up with top gaming publishers to incubate game startups
- Collected
- 2017.12.21
- Distributed
- 2017.12.22
- Source
- Go Direct
Under their partnership agreement, the five top players will hunt out startups and recommend them for loan guarantees by the state entity KOTEC. The state institution will guarantee loans of up to 100 billion won ($92.5 million) plus loan and consulting arrangements.
Korea’ gaming industry is worth 11 trillion won, fifth largest in the world.
By Shin Soo-hyun and Lee Ha-yeon
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]