South Korea: Video Games' Crazed Capital

Its gaming-design smarts and mega-following have given South Korea major clout in the worldwide online games business

Electronic Arts' (ERTS) $105 million purchase this month of a major stake in Neowiz underscores the growing global clout of South Korean design houses in next-generation online gaming. Gadget-happy South Korea is one of the most wired societies on the planet currently, and its avid young gamers represent the perfect global laboratory to try out new game concepts that will drive future growth in the $28.5 billion global video game industry.

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