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South Korean move to acquire Taiwanese gaming firm watched

2012/05/14 13:47:36

Taipei, May 14 (CNA) The government will keep an eye on moves by South Korean online gaming giant Nexon Co. to acquire a local competitor, Economics Minister Shih Yen-shiang said Monday.

Founded in Seoul, the Tokyo-based pioneer of free-to-play computer games is seeking the operating rights of Taiwan's Gamania Digital Entertainment Co., according to local media reports.

As of the end of March, Nexon's stock holding ratio of Gamania had reached 33 percent, over 10 percentage points higher than that of Albert Liu, Gamania's CEO, the reports said.

Shih said on the sidelines of a hearing at the Legislative Yuan that the government has expressed concern and has started to seek a better understanding of the issues so that it can respond appropriately.

Describing the online gaming industry as one of Taiwan's strengths, the minister said the government will offer assistance once it has a thorough knowledge of the company's strategies.

Gamania, a listed company on the Taiwan Stock Exchange, was the first Taiwanese online game brand to expand outside of Taiwan, with branch offices publishing and developing digital entertainment content in Japan, South Korea and China.

(By James Lee)