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Report Predicts $2bn South Korean Market

A new report from research firm Pearl Research has suggested that the video game market in South Korea will exceed $2 billion in 2007, driven by online and mobile phone games.

South Korea has long been known as having one of the highest penetrations of broadband Internet connections in the world, with 79 percent PC penetration and 12 million out of 15 million households connected to broadband. This is in addition to more than 20,000 Internet cafes, which charge an average of less than $2 an hour - often with game access.

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gamasutra.com
THELANDSOFSAND6281d ago

this isn't going to be much help when japan and north korea start blowing each other up.

70°

TOKYO INDIE GAMES SUMMIT 2024 is kicking-off on March 2nd next year (2024)

"TOKYO INDIE GAMES SUMMIT, the digital and in-person Japanese event showcasing developers and indie games from both local talent and around the world, returns to Kichijōji for its second annual iteration on Saturday, March 2 and Sunday, March 3, 2024." - Phoenixx.

100°

My Arcade is droping the Atari Gamestation Pro with 200+ games on October 31st, 2023

"My Arcade  teams up with the legendary Atari® brand to introduce the Atari Gamestation Pro with 200+ games! The Atari® Gamestation Pro is available for pre-order today, at select retailers for delivery by October 31, 2023 for an MSRP of $99.99 USD." - My Arcade and Atari.

mastershredder3d ago

Pro and My Arcade is like Saying Walmart Deluxe. If you pay 99 for this... you are gonna get robbed.

Expect to see this on amazon via price drop or next holiday firesale for 19.99

My Arcade Products = Landfill Material
My Arcade (Company). = Landfill Material

1000°

Microsoft May Exit Gaming Business If GP Subscribers off Console Don't Increase Enough by 2027

Microsoft's Phil Spencer said in testimony that the company may exit its gaming business if Game Pass subscribers off consoles don't increase a lot by fiscal year 2027.

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wccftech.com
Vits3d ago

Yeah, hopefully, we don't see that happening.
Otherwise, we will get "Sony's you need two jobs to afford this back".

3d ago Replies(6)
blackblades3d ago

Last time it was they might be leaving the console business and maybe be 3rd party like Sega. Which would be a better option in IMO considering the studios they have now. Sell the games on PlayStation, Nintendo and steam, as well cloud gaming on other devices

bloop3d ago

I've been thinking this myself. How long can they keep pumping all this cash into Xbox and Gamepass with no real return? They'd be much better off becoming 3rd party and getting their games, and even GP, on as many devices, including competitors consoles at this stage.

blackblades3d ago

Those leaked documents showed how much it cost or could cost for a game to be on game pass. It's kinda expensive from the looks of it.

Palitera2d ago

@bloop
They have nearly infinite money, enough to knock a competitor like Sony out of the market.
That’s how long.

bloop2d ago (Edited 2d ago )

I didn't mean that in a literal sense Palitera. Business is business and it doesn't matter how much they have in the bank. They're in this more than 2 decades now, spanning 4 generations and have only had relative success with one console, the 360, which was partly due to the PS3 release being delayed multiple times. They've finished last every time so someone's going to pull the plug eventually. Snapping up all these publishers and developers is a desperate last move in trying to stay in the game. They'd be better off going 3rd party at this rate, unless Series consoles literally start flying off shelves.

FinalFantasyFanatic2d ago

I don't think they even want to be in the hardware business, although it's strange they make so many Xbox controllers (but they also make for good PC/Steam controllers as well).

jeromeface2d ago (Edited 2d ago )

@palitera what a foolish take @bloop you think MS doesnt want GP on ps5? LOL

blacktiger1d 10h ago

last time was a rumor, this one is coming from phil spencer

+ Show (4) more repliesLast reply 1d 10h ago
crazyCoconuts3d ago

Is having them still in business, but NOT buying up the entire gaming industry an option? That's what I want...

-Foxtrot3d ago (Edited 3d ago )

To be fair people always go on about that quote from Sony in the wrong way

They didn’t say it in a way like “tough shit, get two jobs if you want it” it was “this thing is so good you’ll WANT to get two jobs” . Still cocky as f*** but no where near as bad.

Popsicle3d ago (Edited 3d ago )

It was a comment filled with hubris and it haunted them at the beginning and near the middle of gen 7.

Kayser812d ago

@-FOXTROT
oh it was bad like here is a quote from ken kutaragi :
(On PS3's price) "It's probably too cheap."
(On PS3's price) "We want consumers to think to themselves 'I will work more hours to buy one.'"
yeah it was bad and they have learned their lesson , that same with microsoft with xbox one and nintendo with the WIIU .
and the reason is because of the competition .

StarkR3ality3d ago (Edited 3d ago )

@Vits

Wish more people thought like you. The same people complaining about Xbox buying up the industry are the same people who would happily see Xbox gone and Playstation the only option. It's laughable.

Less competition = Worse deal for gamers.

Popsicle3d ago (Edited 3d ago )

It baffles me that gamers do not understand the importance of competition. Granted I see Microsoft’s vision for gaming as dystopian for consumers, but without competition, Sony would have less incentive to provide the absolute best content and services. There would be nothing to keep their decision making in check from a consumer perspective.

I wish Microsoft would revert back to the OG Xbox and 360 days because I do not see their current vision of having gamers own nothing and rent everything as being desirable or sustainable.

StarkR3ality3d ago

Agreed, I don't even own an Xbox but to say they shouldn't be in business is stupid, Sony have already showed this gen and the PS3 gen what overconfidence does to a corporation.

There's an air of arrogance about them that I simply do not like, that would be worse by tenfold if Xbox wasn't in the picture, you can take that to the bank.

shinoff21833d ago

Stark, what has Sony done this Gen that's arrogant

Huey_My_D_Long2d ago (Edited 2d ago )

@starkR3ality.
I don't agree with your first sentences at all, although the last one is on point. . I have a PC and PS5, been a playstation gamer since PS1. I don't want MS to get out because competition is good for both companies... but the tactic of buying up the industry itself is an anticompetitive tactic.
What will happen to the majority of the studios if MS does leave? How many can sell off and which studios will have to be closed down.
...Although I will say Embracer group is far more problematic for the gaming industry right now than MS...Selling with MS, you have at least a couple years...Embracer will buy you and shut you down within a year.

Huey_My_D_Long2d ago

Love PS, but you are not lying. The arrogance in PS3 days was the worst. and I do think Sony would return to it if they didnt have any competitors..I know nintendo, but they are just too different for Sony to progress because of them

+ Show (2) more repliesLast reply 2d ago
PhillyDonJawn3d ago

Facts when 1 remain we all lose.

MrBaskerville2d ago

If ms leaves, Amazon, Apple or Google will step in.

jeromeface2d ago

apple would push thing forward hard but charge you a car price to do it.

WelkinCole2d ago

Every shitty business strategy we have had in gaming is because of MS.

The best gaming console generations (PS1,PS2) is when Sony was the most dominant

So no

Miraak82 2d ago (Edited 2d ago )

That's how I've always felt , I mean steam basically dominates the pc market and Nintendo has handhelds and no one seems to have a problem with it . Why do people feels like Sony always has to have a competitor in the console space , out of all the gaming spaces why (Pc, Handheld,Mobile,Console) only Sony has to deal with MS's BS for the sake of competition. This isn't 25 years ago like when you had just Consoles on the market from everyone,