Nvidia Seen Beating Q2 Targets as Vera Rubin Cycle Begins 
Goldman Sachs Eyes Investors for Nvidia’s $500 Billion AI Financing Plan 
Maersk Raises 2026 Earnings Outlook as Shipping Profits Beat Expectations 
Bill Ackman’s Pershing Square Returns to Netflix With Major New Stake 
Australia’s Corporate Leaders Face Parliament Over KPMG Client Data Scandal 
Stripe, Advent Reportedly Pursue $53 Billion PayPal Takeover 
Apple Develops China-Specific AI Model With Alibaba as Apple Intelligence Launch Nears 
DeepSeek to Raise AI API Prices as Demand for New Models Surges 
Bernstein Picks BYD and Xiaomi as Top China EV Stocks Despite Weaker Demand 
SEC Clears Path for Data Center Securitizations as AI Financing Demand Surges 
SMIC Shares Rally as Q2 Profit Surges 262% on Strong Chip Demand 
Lenovo Revenue Surges 43% as AI Demand Drives Record First-Quarter Growth 
Google Pushes Gemini AI Overhaul as Sergey Brin Targets Model Supremacy 
J.P. Morgan Upgrades SanDisk, Sets $2,250 Price Target on AI NAND Growth 
Meta Ordered to Pay $567M Over Child Safety Violations in New Mexico 
Super Micro Stock Jumps 19% as AI Server Demand Drives Strong 2027 Outlook 
Anthropic Eyes $6B Decart AI Acquisition Ahead of Mega IPO 
Add as a preferred source on Google
With an eye toward reducing dependence on mobile platforms, South Korea's government laid out a five-year plan Wednesday to bolster its console gaming sector, which currently represents a mere 1.5% of the global market.
Revitalizing South Korea's Gaming Industry Through Consoles
Yonhap News reports that South Korea's culture ministry announced it will concentrate on growing its console game sector over the next five years to revitalize the nation's gaming business.
The Ministry of Culture, Sports, and Tourism will seek to increase the nation's market share of console games worldwide by 2028 as part of the five-year strategy to boost the gaming industry. The goal is to lessen the country's heavy reliance on online and mobile gaming platforms.
Driven by the expansion of online and mobile games, South Korea's game business is the fourth largest in the world in terms of sales, with a combined revenue of 22.2 trillion won (US$16.04 billion) in 2022.
According to the government, mobile games make up 44% of the sector, while the country only has a 1.5% part in the worldwide console game market, which makes up 28% of the whole market.
Government Support for Independent Game Developers
The government announced that it will assist regional businesses in collaborating with major international console gaming companies, such as Microsoft, Sony, and Nintendo, to create hit games.
Furthermore, the government is committed to fostering a more diverse gaming landscape by supporting independent game developers in creating a more comprehensive array of video games.
According to Telecompaper, the ministry has outlined a comprehensive plan to nurture a stable start-up environment. This includes facilitating connections between independent game companies and industry giants and providing "multi-year support" to games with the potential for significant global growth.
Additionally, the government is committed to enhancing user safety while promoting more significant usage and will revamp the regulatory framework.
Photo: Venson Chou/Unsplash
