Skip to Content Facebook Feature Image

China, South Korea drive growth of online gaming industry

China

China

China

China, South Korea drive growth of online gaming industry

2025-11-01 16:41 Last Updated At:19:27

China and the Republic of Korea are driving the growth of the online gaming industry by supporting the global growth and popularity of esports.

Over the past two decades, several video games in the first person shooter genre, or FPS, have grown immensely popular. Among them, "Crossfire", released in 2008, has become the highest-grossing FPS of all time.

In Seoul, the game's creators at Smilegate Entertainment said that Crossfire has given birth to a vibrant global community of players.

"This year marks the 17th anniversary of Crossfire. We have more than a billion players across 80 countries. Although there are cultural differences across regions, the thrill of shooting games, along with the camaraderie that forms among teammates through competition, creates a shared value that closely connects players around the world," said Jesse Lee, Vice President of IP Portfolio Strategy at Smilegate Entertainment.

To keep players engaged and excited, Smilegate has embraced the growing appetite for esports among gaming fans.

Global Crossfire championships are held every year, with a great deal of the energy driving its competitive scene coming from China, a rapidly rising market in global esports.

Many regional matches have been organized by a Chinese company that has long partnered with Smilegate.

"Every year, there are many Crossfire tournaments held across China. These events allow players to constantly gain experience, improve themselves and their teams and keep competing and learning," said Meng Kun, a professional player.

This dynamism has helped build a stable and vibrant competitive scene, encouraging teams from other regions to compete for a share of the prize and glory.

According to Lee, new regions are now entering the playing field, with Brazil and the Philippines gradually becoming strong competitors and putting significant pressure on the mainstay teams from China.

"The Chinese teams have always been strong. They've always wanted to challenge the Chinese teams, which has led to many interesting storylines and highlights along the way. Fans are especially drawn to these matchups," said the vice president.

Bolstered by global audiences and massive investment, the video game and esports sector has grown into a sizable industry. In China, local governments have seen how the industry connects with young people and have begun competing to host events, as well as offering incentives to game developers and related enterprises.

This October, President of the ROK Lee Jae Myung pledged support for the gaming industry through tax breaks, overseas expansion, and talent programs, aiming to help the country join China and the U.S. among the world's top three gaming powerhouses.

China, South Korea drive growth of online gaming industry

China, South Korea drive growth of online gaming industry

Next Article

U.S. dollar ticks down

 

The U.S. dollar weakened in late trading on Monday.

The dollar index, which measures the greenback against six major peers, fell 0.57 percent to 97.035 at 15:00. (2000 GMT).

In late New York trading, the euro advanced to 1.1875 dollars from 1.1789 dollars in the previous session, and the British pound increased to 1.3679 dollars from 1.3605 dollars in the previous session.

The U.S. dollar bought 154.18 Japanese yen, lower than 156.14 Japanese yen in the previous session. The U.S. dollar was down to 0.7768 Swiss francs from 0.7858 Swiss francs, and it was up to 1.372 Canadian dollars from 1.3718 Canadian dollars. The U.S. dollar slipped to 8.9368 Swedish kronor from 8.9783 Swedish kronor.

U.S. dollar ticks down

U.S. dollar ticks down

Recommended Articles