Key information
A delegation of four South Korean lawmakers, including Representative Cho Seung-rae, recently visited Gamescom to identify policy support strategies for the domestic gaming industry. The visit aimed to gather insights for enhancing G-Star, South Korea's premier game exhibition, by observing the global event's infrastructure and regulatory frameworks.
Representative Cho emphasized that G-Star must adopt the strong B2B infrastructure and clear identity demonstrated by Gamescom. He proposed that G-Star should function as a robust business hub to facilitate international investment and market expansion for domestic developers, particularly by attracting global buyers and decision-makers.
To support the industry, Cho advocated for tax incentives for console and PC game development, as well as R&D tax credits covering game engines and AI tools. He also highlighted the need to abolish domestic-only regulations, such as the selective shutdown system and identity verification requirements, to align with global standards.
Cho noted that while G-Star faces concerns regarding participation, these are transitional challenges as companies pivot toward global markets. He suggested that the government should provide financial support for booth costs and implement AI-based business matching platforms to help small and medium-sized developers secure global investment.
