SEOUL, January 26 (AJP) - Krafton announced on January 23 that it held talks with Indian Ambassador to South Korea Gourangalal Das at its Seoul headquarters to outline plans for expanded technology cooperation and investment in India.
Ambassador Das met with senior Krafton executives, including Board Chairman Chang Byung-gyu and Kim Nak-hyung, the head of the company's India and emerging markets division. Deputy Chief of Mission Nishi Kant Singh also attended. The group exchanged views on the current state of India's technology ecosystem, covering artificial intelligence, digital content, and entertainment. They also discussed how private sector investment from South Korea could support broader industrial growth in India.
The talks centered on the "KRAFTON-NAVER-MIRAEASSET Unicorn Growth Investment Fund." This investment vehicle is being established by Krafton in partnership with Naver and Mirae Asset Group. The fund, which targets a total size of up to 1 trillion won, aims to pool resources from leading South Korean corporations to support startups. Krafton intends to use this initiative to increase its mid-to-long-term investments in promising Indian technology firms.
"India is rapidly growing as a core hub for global technology innovation, and it is significant that South Korean companies are expanding long-term cooperation and investment centered on the Indian market," Ambassador Das said. "We expect that private sector-led investment, including that of Krafton, will play an important role in helping Indian technology companies and startups grow and leap into the global market."
Chairman Chang noted that Krafton views the region as more than just a consumer base.
"For Krafton, India is not merely a market for overseas sales but a strategic partner country where we have built trust and standing through 'Battlegrounds Mobile India'," Chang said. "Based on this experience, the Unicorn Growth Investment Fund will serve as a starting point to expand cooperation with promising Indian enterprises beyond gaming into various industrial sectors."
Krafton stated it plans to continue identifying investment targets through the fund and will look for further opportunities to link the South Korean and Indian technology sectors.
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