CJ sees Taiwan tie-up as key to online gaming growth

Home > Business > Industry

print dictionary print

CJ sees Taiwan tie-up as key to online gaming growth

CJ E&M, the entertainment arm of CJ Group, has launched a joint venture with a Taiwanese firm as part of efforts to expand its business in East Asia’s online gaming industry, company officials said yesterday.

The operator of Korea’s popular online game site Netmarble and Taiwan’s Cayenne Entertainment Technology recently established Taipei-based Joy Bomb Entertainment Technology. The Korean firm has contributed 60 percent of the initial capital of $4 million.

The establishment of the joint venture is aimed at tapping the Taiwanese online game market, in which more than 5 million people, or 22 percent of its population of 23 million, are estimated to play.

The two firms hope to cooperate further to break into China, which is expected to leapfrog the United States as the world leader in the online games market.

Yonhap

More in Industry

Stores in malls fear change to retail law

Robofork

Big business recoils at new legal legislation

Hyundai Mobis has developed a hydrogen-powered forklift

Asiana adapts passenger plane to carry more cargo

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now