South Korea Video Game Market Forecast Report by Platform Type (Online, Offline), Age Group (Generation X, Generation Y, Generation Z), Device (Smartphones, Computer, Consoles) and Company Analysis 2024-2032

Growth Drivers for the South Korea Video Game Market

Advances The video game industry in South Korea is greatly influenced by the country's dynamic pop culture and entertainment sectors.

Game material frequently draws inspiration from popular media, including K-dramas, music, and movies, incorporating well-known themes and characters that appeal to local gamers. Games are more appealing and engaging for South Korean audiences as a result of this cultural synergy.

BTS Jin, a well-known video game enthusiast and expert, teamed up with Nexon in August 2023 to develop MapleStory, a massively multiplayer online role-playing game. The BTS member earlier increased the game's goods sales in the nation and served as a judge for the Golden Hands Awards, which are given out by the firm for character design. It is anticipated that this collaboration would increase the game's popularity across the nation.

Through numerous supportive measures, the South Korean government plays a crucial role in fostering the growth of the video game sector.

Encouraging policies are intended to stimulate game development and innovation, such as tax incentives and subsidies. Grants for startups and funding programs designed to assist businesses in overcoming financial obstacles so they may concentrate on producing high-caliber games are common examples of government initiatives.

To help the gambling industry, the government makes infrastructure investments in addition to financial support. This entails establishing cutting-edge facilities and resources for game makers as well as supporting trade shows and conferences. These initiatives support the domestic and international success of South Korean game creators by fostering an environment that is favorable to growth and expansion. The industry's competitiveness is increased and its continued success and growth are greatly aided by this strategic support.

The shutdown regulation, which prohibited minors from playing video games for extended periods of time in an effort to avoid addiction, was repealed by the South Korean government in 2021. The government made the decision to monitor games that are harmful to society and youth, provide counseling services to individuals, and uphold a positive and adaptable gaming culture in the nation in order to keep up with the rapidly evolving lifestyle and the steadily expanding video game industry.

South Korea Video Game Company Analysis

The major participants in the South Korea Video Game market includes Tencent Holdings, Take Two Interactive Software, Sony, Sega Sammy Holdings, Nintendo, Microsoft, Electronic Arts, Bandai Namco Holdings, Activision Blizzard.

South Korea Video Game Company News

In May 2024, according to app tracking site Appmagic, the side-scrolling action game, which was created by South Korea's Nexon and published by Tencent, shot to the top of the Chinese app store's sales charts just hours after its May 21 release.

In May 2024, to revive the nation's gaming sector, the Ministry of Culture, Sports, and Tourism of Korea has stated that it plans to increase the console market by 2028.

 In order to increase console sales and lessen its dependency on online and mobile platforms, the government presented its five-year plan.

Platform Type- Industry is divided into 2 viewpoints:

1. Online
2. Offline

Age Group- Industry is divided into 3 viewpoints:

1. Generation X
2. Generation Y
3. Generation Z

Device- Industry is divided into 3 viewpoints:

1. Smartphones
2. Computer
3. Consoles

All companies have been covered with 5 Viewpoints

1. Overview
2. Key Persons
3. Recent Development & Strategies
4. Product Portfolio
5. Financial Insight

Company Analysis

1. Tencent Holdings
2. Take Two Interactive Software
3. Sony
4. Sega Sammy Holdings
5. Nintendo
6. Microsoft
7. Electronic Arts
8. Bandai Namco Holdings
9. Activision Blizzard

Key Questions Answered in This Report:

1. How big is the Embolic Protection Device industry?
2. What is the Embolic Protection Device industry growth rate?
3. Who are the key players in Embolic Protection Device industry?
4. What are the factors driving the Embolic Protection Device industry?
5. Which Region held the largest market share in the Embolic Protection Device industry?
6. What segments are covered in the Embolic Protection Device Market report?

Customization Services available

• Analysis of Market Size and Its Segments
• More Company Profiles (Upto 10 without any additional cost):
• Additional Countries (Other than mentioned Countries):
• Region/Country Specific Reports:
• Market Entry Strategy:
• Region-Specific Market Dynamics:
• Regional Market Share Analysis:
• Trade Analysis:
• Production Insights:
• Others Customized Requests:

For more information contact our analysts.

Need More Assistance?

• Talk to our analysts to get more precious information on the current market trends.
• Include more countries and segments and customize the report based on the final requirement.
• Get a competitive advantage in your industry by knowing the report findings and making a positive impact on your revenues and operations.
• Our analysts are always ready to provide more help and pertinent information if you need any additional assistance.