South Korea will host e-sports competition by inviting contestants from the country, Japan and China in November as part of the government’s plan to promote the country as a gaming powerhouse.
The government set a goal to generate 9.9 trillion won ($16.4 billion) in revenue, 11.5 trillion won in exports and 102,000 jobs in the gaming sector by 2024, under the outline from the Ministry of Culture, Sports and Tourism announced Thursday.
“We will support the game business to help it lead the fourth industrial revolution, contactless and online-centered economy,” said culture minister Park Yang-woo, adding that it will ease regulations and support startups and their entry into the global market.
The ministry will also support the Global Game Hub Center to help small game publishers develop diverse content using cutting-edge technologies such as virtual reality.
In order to promote e-sports, it will designate local internet cafes as e-sports facilities and strengthen institutional framework by providing standardized contract forms and registration system for players.
It said it will hold an e-sports tournament with China and Japan in Seoul in November.
It will also strengthen protection for game players by banning inappropriate advertisements and requiring game companies to disclose information regarding random item purchases.
By Lee Yong-ik and Choi Mira
[ⓒ Pulse by Maeil Business Newspaper & mk.co.kr, All rights reserved]