Jang Byung-gyu, chair of Krafton, met with Indian Prime Minister Narendra Modi in New Delhi on the 4th (local time) to discuss ways to cooperate in the local gaming and technology industries.
The two sides discussed supporting overseas expansion of games and digital content produced in India and expanding cooperation between the two countries in gaming and new technologies. The meeting was held in line with the Indian government's Viksit Bharat (Advanced India) vision and the policy direction of "Make in India, Make for India, and Make for the World."
Krafton has invested about $250 million (about 347 billion won) in India to date. It plans to invest an additional amount of the same scale over the next 3 to 4 years to increase the cumulative investment to about $500 million.
It will also expand investment in Indian startups. Krafton, together with Naver and Mirae Asset, has created the $670 million Unicorn Growth Fund (UGF). Through the fund, it plans to invest not only in Indian gaming intellectual property (IP) and startups, but also in new technology fields such as artificial intelligence (AI), Robotics, and deep tech.
Jang Byung-gyu, chair of Krafton, said, "India is a key market with outstanding talent across gaming, technology and innovation," adding, "Krafton's continued investment reflects long-term confidence in India and a commitment to contribute to India's digital economy." He added, "Through investment, talent development programs and a focus on new technologies, we will work with India's creators, developers and entrepreneurs to build experiences and technologies that resonate globally."