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Telecommunications & Media

MSIT to back small broadcasters' overseas push with 500 million won per consortium

South Korea's Ministry of Science and ICT said on Jan. 21 it will announce from Jan. 22 a project to help domestic broadcast and media companies enter overseas markets. The programme supports consortia that combine local small and mid-sized firms with global demand companies, from planning to sales channels. One selected consortium will receive up to 500 million won. Selected firms will receive tailored support and chances to join international exhibitions.

Games & Commerce

Com2uS baseball games cumulative sales top 1 trillion won

Com2uS said on Tuesday cumulative sales of its baseball games have surpassed 1 trillion won. The company has expanded its portfolio since launching the Com2uS Pro Baseball series in 2008 and entered a growth track after releasing a 3D version in 2015. It said monthly active users peaked above 2.6 million last year, more than six times the 2015 level, and average annual revenue growth over the past three years was about 30 percent.

Finance

Mirae Asset Securities customized wrap account balance tops 6 trillion won

Mirae Asset Securities said on Tuesday that client balances in its one-on-one customized wrap account service exceeded 6 trillion won. The brokerage said the balance rose from 5 trillion won in September, with 57 percent of the 1 trillion won increase coming from investment gains and 43 percent from new subscriptions. It said it adjusted bond allocations to respond to changes in the interest rate environment and increased exposure to domestic equities, reshaping portfolios around Samsung Electronics and SK Hynix.