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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Microsoft agrees to invest in SKorea games industry AFP - Thursday, September 24 Send IM Story Print US software giant Microsoft has agreed to invest more than 19 million dollars to develop South Korea's online games industry, a government agency said Thursday. SEOUL (AFP) - – US software giant Microsoft has agreed to invest more than 19 million dollars to develop South Korea's online games industry, a government agency said Thursday. At least 25 local games developers will receive 23 billion won (19.2 million dollars) from the US firm over the next four years, the Korea Creative Content Agency said. Microsoft will provide technological and marketing support, train developers and help set up new business entities, the agency said in a statement. Microsoft's Korean subsidiary said the deal is part of a 60 million dollar investment plan announced by company chief Steve Ballmer last November to support the local software industry. Ballmer disclosed the plan at talks with President Lee Myung-Bak in Seoul. Recommend Send IM Story Print Related Articles Answers.com launches website for inquiring minds AFP - Friday, September 25 PlayStation 3 sales hit one million in three weeks AFP - Thursday, September 24 Microsoft agrees to invest in SKorea games industry AFP - Thursday, September 24 Startup Zuora wants to rescue newspapers AFP - Thursday, September 24 US-TECH Summary Reuters - Thursday, September 24 News Search Top Stories Russian car giant Avtovaz to cut 27,600 jobs 'Party over' for bankers: British finance minister Water detected on the Moon Credit Suisse poised for bonus pay-out: report UN demos blast, support Kadhafi, Ahmadinejad More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Global economic growth engine 'starting up': IMF chief Chess legend Kasparov takes lead in rematch vs. Karpov Fed acknowledges recovery under way, extends stimulus Legendary Soviet spy mistress dies aged 97: official Obama warns Israel, Palestinians to move on talks More Most Viewed » Ozone hole smaller in 2009 than 2008: WMO Nanoparticles could pose threat to humans: scientists Remains of Jesus-era synagogue found in Israel Implanted tooth helps blind US woman recover sight More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Search Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2009 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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