Chang Byung-kyu, chairman of Krafton, met with Indian Prime Minister Narendra Modi to discuss cooperation for the growth of India's gaming and technology sectors.
Krafton announced on September 7 that the meeting took place on September 4 in New Delhi.
The discussions focused on expanding cooperation between the two countries and strategies to support the growth of India's gaming and technology sectors. They particularly addressed ways to help Indian-made games and digital content enter the global market.
The Indian government is promoting the growth of the manufacturing and technology/content industries under its 'Viksit Bharat' (Developed India) vision, which emphasizes 'Made in India, Made for India, and Made for the World.'
Krafton is also increasing its investments in the Indian market. To date, it has invested approximately $250 million in India and plans to invest an additional $250 million over the next 3-4 years. This brings the total planned investment in India to about $500 million.
Additionally, Krafton has established a $670 million 'Unicorn Growth Fund' in collaboration with Naver and Mirae Asset to support the growth of Indian gaming intellectual property (IP) and startups, while also investing in the local gaming ecosystem. The company plans to expand its investment scope to include new technology sectors such as AI, robotics, and deep tech.
Chang Byung-kyu stated, 'India is a key market with exceptional talent across gaming, technology, and innovation.' He added, 'Krafton's ongoing investments reflect our long-term trust in India and our commitment to contributing to its digital economy.'
He further emphasized, 'Through investment, talent development programs, and a focus on new technologies, we aim to create experiences and technologies that resonate globally alongside Indian creators, developers, and entrepreneurs.'
* This article has been translated by AI.
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