Nintendo Establishes Subsidiary In South Korea

According to a report by the Asia Times Online, Nintendo of Japan has announced plans to establish a local affiliate in South Korea, in an attempt to expand its market presence in the country.

Nintendo's board of directors has called for a local firm to be set up on July 7th as a wholly owned subsidiary using an initial investment of 25 billion won ($26 million). The subsidiary will be located in capital Seoul to help increase sales for the Nintendo DS and prepare the way for the forthcoming Wii.

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