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Games & Commerce

Neptune sets up Krafton Ad Platform India subsidiary to enter adtech

Neptune said on Thursday it has completed the establishment of its local subsidiary, Krafton Ad Platform India, in New Delhi. The company said the move is aimed at globalising its adtech platform business, one of its three strategic new ventures. CEO Kang Yul-bin will lead the India unit, with Krafton India Vice President Kim Jong-hyuk appointed as a resident registered director. Neptune plans to use Krafton traffic and data, including BGMI, and expand its advertising inventory.

Games & Commerce

Naver, Krafton, Mirae Asset launch large technology investment push in India

Naver said it held a briefing in New Delhi with Krafton and Mirae Asset on establishing the Unicorn Growth Fund, sized at up to 1 trillion won. The event was arranged to introduce the fund to local companies and venture capital firms during President Lee Jae-myung’s visit to India. The fund began operations at more than 500 billion won after Krafton contributed 200 billion won, and it aims to expand further.

AI & Enterprise

Naver joins hands with India\'s TCS to target 1.4 billion market with AI and cloud

Naver said on April 20 it signed a memorandum of understanding with Tata Consultancy Services, the IT arm of India’s Tata Group. The signing took place in New Delhi as part of the Korea-India Business Forum, attended by officials including Naver CEO Choi Soo-yeon and TCS CEO Ujjwal Mathur. The two companies plan to combine capabilities in AI, cloud and B2C services to explore AX and DX business opportunities in India.