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2 clusters · 9 sources · 3 days · First seen · Last updated

Krafton investment expansion in India

Overview

Krafton Chairman Chang Byung-gyu met with Indian Prime Minister Narendra Modi in New Delhi to discuss long-term cooperation within India’s gaming, technology, and digital entertainment ecosystems.

The South Korean company plans to invest an additional $250 million over the next three to four years, which would bring its total planned investment in India to approximately $500 million. Beyond gaming, Krafton is expanding its focus into emerging sectors including artificial intelligence, robotics, and deep tech.

To support the local digital ecosystem, Krafton, alongside Naver and Mirae Asset, has established a $670 million Unicorn Growth Fund (UGF) to support Indian startups and gaming IP. The company is also investing in local talent through the KIGI Academy and has expanded its presence via the acquisition of Nautilus Mobile, the developer of the ‘Real Cricket’ franchise.

Entities

Narendra Modi · Krafton · India · Byung Gyu Chang · Chang Byung-gyu

Timeline

  1. 5 days ago

    [BUSINESS] 4 sources
    KRAFTON Chairman meets PM Modi to discuss $500 million India investment

    KRAFTON Chairman Byung Gyu Chang met PM Narendra Modi to discuss expanding investments in India, with plans to reach a total of $500 million in the gaming, AI, and deep-tech sectors.

  2. 7 days ago

    [BUSINESS] 5 sources
    Krafton plans $500 million investment in India following meeting with PM Modi

    South Korean gaming company Krafton plans to increase its total investment in India to $500 million, focusing on gaming, AI, robotics, and deep-tech following talks with Prime Minister Narendra Modi.

Sources

animationxpress.com · biz.heraldcorp.com · espiganoticias.net · fonearena.com · gamevu.co.kr · indiacsr.in · indianbroadcastingworld.com · invenglobal.com · techcrunch.com