Earlier today we noted GREE’s investment in IUGO Mobile International, the latest step from the social gaming company in its expansion from Japan to overseas markets. Similarly Tokyo-based Gumi, a Japanese mobile game developer in which GREE owns a 20 percent stake, also has its eyes set on expansion, making its first move today.
Gumi has announced the founding of Gumi Korea Inc, a fully owned subsidiary based in Seoul, dedicated to the development of mobile social games in South Korea and elsewhere. Gumi plans to move ‘aggressively’ into the global market, and Korea is apparently phase one of that plan. Gumi Korea will move forward with Gibon “Peter” Chang as its CEO. ...Tech In Asia 4/20/2012 [en]
- Gumi raised 2 billion yen in December, 2011 from several VCs and corporations, which is one of the largest finance of social game developer.