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The South Korean gaming market, recognized for its dynamic gaming culture and the global success of its local developers, has recently seen an interesting trend: the rise of China-developed games. Over the last five years, Chinese-developed games have been making significant inroads in the Korean market, competing head-to-head with home-grown offerings. Let's delve into the numbers that showcase this remarkable trend.
Market Share: As of 2023, Chinese games account for approximately 35% of South Korea's online gaming market, a significant increase from just 10% in 2018.
Market Share: As of 2023, Chinese games account for approximately 35% of South Korea's online gaming market, a significant increase from just 10% in 2018.
Revenue: In 2023, Chinese games have contributed roughly KRW 1.9 trillion to the South Korean gaming market representing a Compound Annual Growth Rate (CAGR) of over 44%.
Player Base: Active Korean players playing Chinese games grew from 2 million in 2018 to an estimated 10 million in 2023.
Investment: Chinese investments in Korean game companies have grown by 150% from 2018 to 2023, solidifying the Chinese influence on the Korean gaming industry.
Acceptance: According to data from the Korean App Store and Google Play Store, Chinese-developed games have consistently made up around half of the top 10 most downloaded games in the past two years.
