Korean exports grow - Euroslot - the independent voice of the amusement and gambling industry

Korean exports grow

Published: 10 November, 2009

The Ministry of Culture, Sports and Tourism of Korea and the Korea Game Industry Agency officially published the Korea Game White Paper 2009. The White Paper reported that Korea's domestic game market reached $5,605.7 billion Korean won in 2008, posing a 9% growth compared with $5,143.6 billion won in 2007. Korea's game exports reached US$1,090 million in 2008, growing by 40.1% compared with US$780 million in 2007. Also, Korea's online game exports currently continue to enjoy dramatic growth.

According to the Korea Game White Paper 2009, among all game sectors of Korea, online and mobile phone games recorded highest growth in revenue with growth rate of 20% and 21%, respectively. Korean online game market reached $2,692.2 billion won in 2008, increasing by $450 billion won than in 2007.

The mobile phone game market exceeded $300 billion won in 2008 and enlarged by $50 billion than a year ago. Korea's TV console game market also enjoyed growth in 2008, exceeding the scale of $500 billion won. However, the internet café market experienced a slight decline of 7% in 2008 and recorded $1,928 billion won in scale.

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