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BackKrafton Chair Chang Byung-Gyu Meets Indian PM Modi to Discuss Gaming and Tech Cooperation
Krafton Chair Chang Byung-Gyu Meets Indian PM Modi to Discuss Gaming and Tech Cooperation
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Korea Herald44 minutes agoBusiness1 min readSouth Korea

Krafton Chair Chang Byung-Gyu Meets Indian PM Modi to Discuss Gaming and Tech Cooperation

Krafton commits to $500 million total investment in India to boost gaming, AI, and digital content sectors.

Quick Look

  • Krafton Chair Chang Byung-Gyu met with Indian PM Narendra Modi in New Delhi to discuss expanding cooperation in gaming and technology.
  • Krafton announced a total investment commitment of $500 million in India to support local startups, AI, and digital content development.

AI-generated summary

Why It Matters

Krafton has previously invested $250 million in India and is now committing an additional $250 million. The company is aligning with the Indian government's 'Viksit Bharat' vision.

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Krafton Chair Chang Byung-Gyu met Indian Prime Minister Narendra Modi in New Delhi on Friday to discuss cooperation in gaming, technology and digital entertainment.

The two sides explored ways to expand Korea-India ties and support the development of Indiaโ€™s gaming and emerging technology sectors, focusing on bringing locally produced games and digital content to global audiences.

The discussions aligned with the Indian governmentโ€™s โ€œViksit Bharatโ€ vision and its โ€œCreate in India, Create for India, Create for the Worldโ€ initiative.

The South Korean game developer has invested about $250 million in India and committed an additional $250 million over the next three to four years, bringing its planned total investment in the country to about $500 million.

The company has also established the $670 million Unicorn Growth Fund with Naver and Mirae Asset to expand investment in India. Krafton plans to focus on local gaming intellectual property, startups and the broader ecosystem while extending its investments into artificial intelligence, robotics and deep tech.

Krafton also developed local talent through KIGI Academy, an industry-academia program focused on game development and digital content creation. The company strengthened its foothold in the country by acquiring Nautilus Mobile, the Indian studio behind the โ€œReal Cricketโ€ series.

โ€œIndia is a key market with outstanding talent across gaming, technology and innovation,โ€ Chang said. โ€œKraftonโ€™s continued investment reflects our long-term confidence in India and our commitment to contributing to its digital economy.โ€

โ€œThrough investment, talent development programs and a focus on emerging technologies, we will work with Indian creators, developers and entrepreneurs to build experiences and technologies that can reach global audiences,โ€ he added.

What to Watch

AI outlook โ€” possibilities, not facts

  • Krafton will deploy $250 million in additional investment over 3-4 years.

    Very likely ยท Within years

Open Questions

  • What specific games will be prioritized for development?
  • How will the Unicorn Growth Fund be allocated across sectors?

Related Topics

This article was originally published by Korea Herald.

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