SEOUL -- The game publishing wing of South Korea's web service giant Kakao has invested 24 billion won ($ 20 million) in Frost Giant Studios, an American game developer, to gain game-developing capabilities as well as expand its business scope to overseas countries.
Kakao Games said in a statement on January 26 that the company made a strategic investment in Frost Giant Studios (FSG), which is specialized in producing real-time strategy games.
"We anticipate that FGS shows good performance output. We will continue to collaborate so that we can create good games," Kakao Games CEO Cho Kye-hyun was quoted as saying. Kakao Games has focused on the publishing of PC and mobile games including "Odin Valhalla Rising" and "Black Desert Online."
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