Foreign Investment Session for Gyeonggi Province Game Companies Concludes with USD 4.2 million in Investment Discussions
Createdd 2018-03-27 Hit 146
G-NEXT Game Investment Day, held on March 15, was hosted by Gyeonggi Province and organized in conjunction with the Gyeonggi Content Agency to help game companies in the region attract foreign investment and advance into overseas markets.
Including Gamechanger from the US and Alter Solutions from Germany, a total of 25 companies from 8 countries (China, Japan, Hong Kong, Taiwan, Singapore, etc.) attended the investment session and participated business meetings with 38 game companies of Gyeonggi Province.
Of particular note, this event was attended by 14 leading Chinese companies in the game sector including YOOZOO and Tencent, elevating the possibility of the advancement of Gyeonggi Province game content into the Chinese market.
G-NEXT Game Investment Day included investor relations (IR) pitching in the morning with one-on-one investment meetings and networking receptions in the afternoon. IR pitching refers to presentations that companies deliver to targeted investors about their business models.
Among the eight companies that participated in IR pitching were Noel Games and Selection Games. The grand prize for the event was awarded to NuRhyme Games, which developed Heroes of Eternity; the company will receive marketing support worth KRW 8 million. The first prize was presented to Volthole, which developed Guardian Arena, and the second prize went to Noel Games for Crazy Basket. These companies will receive marketing support worth KRW 5 million and 3.5 million, respectively.
Discussions regarding investments totaling USD 4.2 million took place in 145 one-to-one investment meetings, with Volthole and China’s MobileFish, Growing Seeds and Geecap Equity Investment, and Elixir and Taiwan’s Palace Games Technology concluding investment agreements on site.