GungHo setting up shop in Singapore, unveils $300M investment plan in local...

GungHo setting up shop in Singapore, unveils $300M investment plan in local developers

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Japanese gaming giant GungHo Online Entertainment announced today that it will establish a local subsidiary in Singapore, specifically focused on developing new gaming titles for emerging markets. The company also unveiled it’s plans to strengthen partnerships with local game developers in the Southeast Asian markets, including investments worth 30 billion yen (about $289 million) in the latter.

In a press release, GungHo says that this initiative will be conducted in association with Softbank Group (TSE:9984), one of Japan’s leading firms as well as having many investments in Chinese and other Asian companies. GungHo’s chairman Taizo Son is a younger brother of Japanese business tycoon Masayoshi Son, CEO of Softbank.

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