Government Publishes Korean Game Bible 2010

Korean Ministry of Culture, Sports and Tourism and Korea Creative Content Agency published a White Paper on Korean Games (“White Paper”) for 2010 about domestic and overseas markets, game users and their cultures, technologies, and relevant legislations and policies. A 10-year-old bible on Korean game industry, White Paper 2010 took data based on questionnaires from 400 developers/publishers, 1,786 distributors (consisting of 1,600 PC rooms and 186 arcade parlors) and 1,700 citizens. Here, over 30 game market professionals contributed on editing this year’s White Paper. The 2010 version consists of two books (1,012 pages in total) and will be distributed to the public through online and offline bookstores. Korea Game Watch will upload the key points after the official launching of White Paper 2010 on September 27.

Some of the previews are:

-          The size of the game market for 2009 is KRW 6.58Tn, YoY 9.0% increased from 2008 but lower than the peak KRW 8.68Tn in 2005. Future is bright: 2010 game market is expected to further grow into KRW 7.84Tn (YoY 18.3% growth based on YoY 28% growth in online game sector), 2011 into KRW 9.82Tn (YoY 16.7% growth) and 2012 into KRW 10.82Tn (YoY 19.2% growth)

-          KRW 3.71Tn online game industry possessed 56.4% of the entire game market, first time for an individual platform to occupy over 50% market share. This eye-opening progress is based on stable domestic infrastructure and aggressive overseas expansion.

-          2009 exportation was US$ 1.24Bn (YoY 13.6% growth), while importation was US$ 0.33Bn (YoY 14.1% reduction). Regarding the exported nations, China (34.9%) ranked 1st and Japan (26.5%), USA (12.3%), Taiwan (8.3%), Europe (8.2%) and Southeast Asia (6.7%) followed. Korean games’ 2009 revenue US$ 3.58Bn took 3.1% of US$ 117.37 global market and the possession will increase into 3.6% in 2010 and 4.0% in 2011.

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