One Store Secures KRW 20 Billion Investment from Krafton for Global Expansion
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South Korean app store, One Store, has secured a KRW 20 billion investment from game developer Krafton.
Krafton sees the potential for One Store to expand beyond its current position in South Korea and venture into overseas markets. The funding will also aid Krafton in gaining insights into the overseas game market.
One Store plans to accelerate global expansion, having already received investments from global partners like Microsoft and Deutsche Telekom’s investment arm DTCP.
They aim to take advantage of recent regulatory changes in Europe and the United States requiring app stores to support third-party app stores. To prepare for global expansion, One Store has hired a global investment expert, Lee Ki-hyuk, as CFO.
The company is actively seeking strategic investors and funding from potential investors, with parent company SK Square planning continued support for One Store’s growth.
Won Dong-jin, CEO of One Store, emphasized that Krafton’s investment is not just financial but also a significant step toward strengthening the app store’s global competitiveness. One Store, initially a domestic app store, is poised to become a global industry leader.
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ONE Store Partners with Digital Turbine for Global App Market Expansion – 와우테일(WOWTALE)
[…] Store, anticipating global expansion, secured strategic investments overseas following the 20 billion KRW investment from Krafton, a South Korean game developer, in October last year. In 2021, One Store attracted an […]