Kakao Games (CEO Cho Gye-hyeon) announced that Kakao Games Europe (CEO Kim Min-seong) has entered into a $20 million (approximately KRW 24 billion) contract with Frost Giant Studio, an American game developer comprised of famous real-time strategy simulation (RTS) game developers. It was announced on the 26th that a strategic investment had been made.
Frost Giant Studio is a new development company comprised of veteran developers with leadership experience in the development of best-selling PC online game series such as the ‘StarCraft’ and ‘Warcraft’ series.
Tim Morten, former production director of ‘StarCraft 2’, is the CEO and production director of Frost Giant Studio, and Tim Campbell, former senior campaign designer of ‘Warcraft 3’, is the game director and president of Frost Giant Studio. It was established in 2020.
Kakao Games led Frost Giant Studio’s $20 million A investment round, and will cooperate as the company that participated in the largest investment. The first RTS game being developed by Frost Giant Studio is scheduled to be released within the year.
Cho Gye-hyeon, CEO of Kakao Games, said, “Frost Giant Studio is a proven developer with solid development capabilities that created RTS hits that were already loved in the global market, and we are very much looking forward to the activities Frost Giant Studio will show.” He added, “Through the close partnership between the two companies, we will create a “We will actively cooperate to showcase the work.”
Tim Morton, CEO of Frost Giant Studio, said, “We are very happy to be working with Kakao Games, a publisher recognized in the global and Korean markets. With Kakao Games’ strong support, we will create next-generation RTS games that gamers around the world can enjoy.” “We will do our best to produce it,” he added.
Meanwhile, Kakao Games continues to expand its lineup by discovering talented and promising developers in domestic and overseas markets, such as Ocean Drive Studio, Second Dive, Nine Ark, and Reality Magic.
Source: Pangyo Techno Valley Official Newsroom
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