Recently China has signed a deal with South Korea on a free trade, which will stimulate investments between enterprises of these two countries and enhance the free flow of culture and products. It is a great opportunity for the gaming industry of China and South Korea, as both countries are giants in terms of the video game market. The deal will also promote the two countries’ cooperation in the video game industry and expand the gaming market.
On one hand, the mutual introduction of computer games will become more convenient for both countries and the market area will be expanded; on the other hand, China is relatively slow in developing games. A great number of Korean computer games will be introduced into China, and that will drive China to improve R&D levels in it’s local game industry.
The actual sales of computer games is a huge market in China. In 2014 it reached 114.4 billion yuan, with 517 million game players at home. With the fast development of the Internet, the online game market in China developed fast last year. The mobile and tablet online games played the most important role in 2014 with 24.9% of the share , ranking second to the PC platform based games.
The situation in Korea is quite opposite. The gaming industry in South Korea has been going downhill in the recent years. The decreasing number of online computer game users and the increasing share of mobile users are some of the reasons that caused the decline of South Korea’s gaming industry. However, the gaming trends in China according to the free-trade deal, are expected to boost South Korean computer games sales.
Chinese local gaming industry will keep working tightly with South Korea to raise domestic gaming standard. China will be introducing games and getting involved in the content planning. This way China can finally start making a name for itself in the global gaming market.