Invested 20 billion won and recovered 262.2 billion won
Accumulated profit multiple of K-contents fund is 1.54 times, ‘The Ministry of Culture, Sports and Tourism announced on the 29th that the K-Contents Fund (parent fund Cultural Account) subsidiary fund K-Net Cultural Contents Special Investment Consortium has recovered 262.2 billion won. Since the establishment of the K-Contents Fund in 2006, this is the highest profit multiple (13.1 times).’,
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, ‘The K-Net Cultural Contents Special Investment Consortium started with government investment of 20 billion won in 2008. With a scale of 50 billion won, it was invested in the gaming sector, including Bluehole Studio, the predecessor of Krafton.’,
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, ‘With the recovery of 262.2 billion won in this liquidation, the accumulated profit multiple of the K-Contents Fund reached 1.54 times (invested 363.5 billion won, recovered 559.4 billion won). Yoon Yang-soo, the director of the Content Policy Division, said, “By reinvesting the recovery funds, we plan to accelerate the discovery of new success stories” and stated, “We will contribute to maintaining the soundness of government finances through continuous investment.”‘,
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, “Krafton, which brought profits to the Ministry of Culture, Sports and Tourism, is a game developer with popular intellectual properties like ‘Tera’ and ‘PlayerUnknown’s Battlegrounds’. Established in 2007, it attracted 22.2 billion won in investment from K-Contents Fund. Based on this, it grew rapidly, listed on the KOSPI in 2021, and emerged as a leading company with 95% of its revenue generated overseas (as of the first quarter of last year).”,
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, ‘Director Yoon commented, “It is the fruition of the Ministry of Culture, Sports and Tourism’s steady investment in content companies with promising potential and possibilities.” He added, “By investing in content companies that may not stand out immediately but will eventually shine, we will continue to envision the future of the K-contents industry.”‘,
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