Kakao Games makes $20 mln investment into US game developer Frost Giant Studios

Park Sae-jin Reporter() | Posted : January 26, 2022, 17:48 | Updated : January 26, 2022, 17:48

[Courtesy of Kakao Games]


SEOUL -- The game publishing wing of South Korea's web service giant Kakao has invested 24 billion won ($ 20 million) in Frost Giant Studios, an American game developer, to gain game-developing capabilities as well as expand its business scope to overseas countries.
 
 Kakao Games said in a statement on January 26 that the company made a strategic investment in Frost Giant Studios (FSG), which is specialized in producing real-time strategy games.
 
"We anticipate that FGS shows good performance output. We will continue to collaborate so that we can create good games," Kakao Games CEO Cho Kye-hyun was quoted as saying. Kakao Games has focused on the publishing of PC and mobile games including "Odin Valhalla Rising" and "Black Desert Online."
© Aju Business Daily & www.ajunews.com Copyright: All materials on this site may not be reproduced, distributed, transmitted, displayed, published or broadcast without the authorization from the Aju News Corporation.